Highligths - Marbella Luxury Real Estate Magazine 2019

HIGHLIGHTS SHOWCASING SOME OF MARBELLA´S FINEST PROPERTIES

THE RIGHT ADDRESS

THE BEST PLAcES TO BE

ART COLLECTIONS HOW TO cREATE YOuR OWN

360º DESIGNERS AN ALL - ROuND ExPERIENcE

TOP NOTES GLOBAL WEALTH TRENDS AND PRIME RESIDENTIAL MARKETS

ARCHITECTS LATEST STYLE TRENDS

+34 952 036 494 C/ los lirios S/n 29660 nueva andaluCIA

www.breathe.life

Welcome

DEAR READER,

W

e would like to welcome you to the 2019 Highlights magazine – the latest edition of the annual lifestyle and property publication of Diana Morales Properties/Knight Frank. Those people familiar with Marbella and its surroundings know us as a specialist in luxury

real estate that has stood the test of time because of personalised service, authoritative market knowledge and a solid ethic.

This approach to what we do is also reflected in Highlights, whose design style, editorial tone of voice and presentation represents who we are as a company. Diana Morales Properties is a Marbella-based boutique agency with many years of experience and service, and as the sole representatives of Knight Frank we carry the know-how and global reach of this prestigious international real estate brand.

This is reflected in a prime selection of Marbella properties that is representative of the standard of homes Diana Morales Properties offers, for we are in a position to include only the finest homes in our portfolio.

Added to this is an international property section with homes in top locations such as Geneva, Sydney, Vienna, London, Madrid and the French Riviera. We provide supporting background analyses of the Berlin real estate market, as well as our own 2019 Marbella Market Report – one of the most comprehensive in the region – and summarise the European market.

In our editorial section we explore the rising phenomenon of branded luxury residences, the most recent evolutions in Marbella architecture, consider 360-degree designers and drive the new Bentley. We hope you enjoy this voyage of discovery with us, both within Highlights and as your local and international property brokers.

Pia Arrieta and Diana Morales

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Hotel Gran Meliá Don Pepe T. 952 902 936 www.tahinijapanese.com

MARBELLA · MADRID · MALLORCA

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CONTENTS

17

Bentley

The marque of luxury

4

31

Architects

Talk about the latest design trends

Property

20

Prime selection of Marbella property

Branded Residences

A new concept of service and added value

10

114

360° Designers

Life seen from the luxury angle

European Markets

25

What’s happening in Europe

Market Report

2019 DM Properties-Knight Frank report

14 Art

Creating a collection

118

International

Top international real estate 3

4

Highlights

Trends in

MARBELLA ARCHITECTURE

By Michel Cruz

J

ust look around you and you’ll notice that Marbella, like any other manmade landscape, is the product of successive generations of architectural styling. From its Andalusian setting, Marbella inherited a MediterraneanMoorish cultural tradition that has in one form or another found its way into the region’s architecture – from the rustictraditional properties and early modern homes to contemporary interpretations of Spanish and Moroccan edifices, and now a return to the sleek white-plastered geometry of modern minimalism. We look at the trends behind this ever-evolving visual dynamic through the eyes of some of the leading architects in the region.

MARCOS SÁINZ

Together with his son Maurice he runs MS Design, where he remains true to a philosophy of design as an embodiment of art and the senses married to the needs of housing and functionality. “Since the 1960s, we have lived through successive waves of influences brought by international developers, architects and above all, homebuyers, which have taken the original Andalusian

Opposite page: Diego Tobal design for a hilltop villa Below: Golden Mile property

by Marcos Sáinz

Latin American architects have played a very important role in shaping Marbella, and few more so than Marcos Sáinz, who as a young man joined Swiss - Russian architect Noldi Schreck to create what is one of this region’s greatest icons: the Puerto Banús marina.

His philosophy, that architecture is the vertical expression of stylistic fashion and zeitgeist, is reflected in his ability to design the intricate detail of a classic Mediterranean village-style project such as Puerto Banús, as well as being known for giving shape to beautiful modern/ contemporary villas and apartment complexes.

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village style and allowed it to

designs in which glass, flat roofs

evolve through several adaptations

and strong geometric lines

into the modern white-plastered

feature prominently, though

structures we see today. To get this

still retain strong elements of

match of modern and traditional

Hispano-Moorish influence and

with local and internationally-

inspiration.”

inspired right, requires the ability to remain true to an ethic of

The more eccentric avant-garde

quality and proportion.”

experimentation of larger urban centres is less evident here, but

JUAN SALVADOR SHVARTZBERG

then this is a region dedicated to luxury leisure pursuits and characterised by second homes, and as such it is less likely to

Argentinian-born Juan Salvador

have the urban edge of New York

Shvartzberg is also part of a

or Tokyo. “We do not have the

Latin American school that has

expansive concrete landscape and

had a profound influence on the

intense land limitations of such

physical shape and substance

agglomerations, and so the homes

of Marbella. “I come from a

our clients ask us to design are

tradition of modern architecture,

expected to reflect beauty within

and what we see in Marbella

a green, sunny environment on

today is a move away from the

the cusp of mountain and sea.

vernacular local Andalusian

These are parameters within

style to minimalist, open-plan

which Marbella architects work.”

RODOLFO BALDRICH PACHECO

introduced new techniques such as insulation as well as internationally recognised

Also originally from Argentina,

brands of doors, windows and

Rodolfo Baldrich has seen

appliances.

Marbella evolve from an

Above: design by Rodolfo Baldrich Pacheco Centerfold: interior of a La Zagaleta villa designed by Juan Salvador Shvartzberg

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Andalusian coastal settlement

The very building materials with

into a young, cosmopolitan city

which Costa del Sol homes are

through the successive layers

made have also changed with the

of foreign influence exerted

years, and where those built in

by new waves of homebuyers

the 1990s and 2000s still saw a

from abroad. “The early jet-

marriage of modern-traditional

set adopted local styles and

styles and materials, the latest

building techniques, but as the

trend of modern minimalist

scale of homebuilding on the

architectural styling has been

coast grew the process gradually

accompanied by the replacement

became more industrial.”

of terracotta and plaster by

Foreign homeowners demanded

contemporary building materials

higher standards of comfort

that offer greater durability and

and functionality, and gradually

ease of use. “This, as much as

Highlights

automated home functions

DIEGO TOBAL

possible,” says Ernesto, “but what’s beneath the surface

The Marbella-raised son of

is also very much part of a

Argentinian architect Miguel

revolution that is marking this

Tobal, Diego has made a

as a watershed in design.”

name for himself in his own right, creating contemporary

Indeed, aesthetic trends can

villas and apartment projects

move back and forth, evolving

that still find local cultural

as they cross-fertilise between

and environmental inspiration

different eras, but technology,

while offering modern styles

science and economic forces

and amenities. “Architecture

are less likely to loop back to

is not a free art of expression.

another time. “Much of the

We work to develop the brief

construction process here as

of our clients and exceed

elsewhere has moved away

their expectations within a

from the worker on the site

given financial budget and

creating the home’s features

timeframe,” says Diego,

to prefabricated assembly, and

“so the design trends are

while this may sound negative

the result of a collective state

it actually leads to greater

of mind that is ever more

precision, quality, time/cost-

strongly influenced by

saving and makes homes that

international tastes and

are more energy efficient and

the move towards quality

environment friendly.”

of life and sustainability.”

the prevailing styles of the day, is influencing a quantum shift away from the way a Marbella home used to look, feel and function, and it is a process that is still very much under way.”

ERNESTO PALANCO Ernesto Palanco agrees, for whether he designs a retroclassical mansion or an ultramodern minimalist villa, the construction method, building materials and technology used are now largely the same. “People tend to look at external factors, such as architectural styling, landscaping and also the new high-tech gadgets that make

Villa design by Ernesto Palanco

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Highlights

Juan Salvador Shvartzberg design for a La Zagaleta residence

After a period of white minimalist ‘cubism’, the region is rediscovering the joys of tones, textures, motifs, detail and above all, individuality. “Character and variety are

VICTORIA GAUNA & FACUNDO TABORDA

garde architecture and willingness to experiment with modern concepts even at times when

coming back into Marbella architectural design, but

More Argentinian inspiration is

modern minimalism was out

they are aligned with a continued revolution of technology,

provided by Victoria Gauna and

of favour. That said, their style

new lighting, functional and decorative tools that were

her son Facundo Taborda, who

may be vanguardist but it is not

previously not available, so we are in the midst of a

though locally raised has

exactly minimalist, as the Gauna

dynamic process driven by new technologies and

inherited his parents’ Buenos

& Taborda touch proves that

innovations that are shaping a lot of the styling now and

Aires flair for design. Victoria and

modern designs can be detailed

in the years to come. Expect ever more hi-tech homes

her late husband, Ángel Taborda,

and intricate.

and a growing focus on sustainability and quality of life.”

were renowned for their avant“We always knew that modern architecture would make a comeback and that it would be largely minimalist, but just lately the open-plan spaces are increasingly accompanied by a more detailed and varied use of textures, colours and materials,” says Victoria Gauna. “Styles may come and go, but our clients are not likely to take a step back when it comes to comfort, technical amenities, build quality and open living spaces. Increasingly, however, a home – and the architect’s role in creating it – is about setting the tone for special experiences, an ambience of wellbeing and, ultimately, quality of life – and where is this more profoundly the case than

Design by Victoria Gauna and Facundo Taborda

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Marbella.”

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Highlights

DESIGNING

for a 360 DEGREE

LIFESTYLE When ‘home’ could mean your luxury penthouse, super-yacht or private jet, depending on where the day, week or whim takes you, you will be needing an interior designer: one who can cater to your peripatetic lifestyle on land, sea and in the air.

By Zoe Dare Hall

F

or the sort of person whose day

Stark comments. “I always think about how my

begins in a beautiful house on dry

creation will profit the person who will use the

land and finishes in a private palace

object or place I am creating. I want people to

on the waves or in the clouds,

feel at their best: more creative, more confident

consistency in all their homes is key. James White, co-founder of the property and yacht

Both types of designer –

design studio March & White, often works

land or sea - bring invaluable

with clients who lead a “360 degree lifestyle”,

insight to the process. Yacht

as he calls it. “They want to feel all their

designers

spaces relate to each other,” says White, whose

working with awkward spaces

projects include the yacht-inspired interiors

and

at 125 Greenwich, an 88-storey Manhattan

between front and back of

skyscraper designed by architect Rafael Viñoly.

house, for entertaining guests

And where, traditionally, the world of

and enjoying privacy. “Yacht

yacht design has been a notoriously tough one

designers also know about

for land-based designers to enter, dominated

architectural finishes such as

by names such as Bannenberg & Rowell and

teak, and the colours, textures

Andrew Winch of Winch Design, now the

and layering that are redolent of

growing overlap between luxury homes on

a yachting lifestyle,” comments

land and water – and for an even more rarefied

Dickie Bannenberg, partner at

elite, in the clouds too - is leading to a raft of

Bannenberg & Rowell.

big name interior architects joining the fray.

They include Philippe Starck, who has

Miami home by Nicola Fontanella

and, I hope, more in love.”

are

creating

skilled the

at

division

Property designers know how to make yachts feel more

shaken up the conventions of super-yacht

welcoming.

design with his futuristic vessel, Sailing Yacht

interior designers only see

A. “I designed Sailing Yacht A in line with

the yacht. We always design

the personality of the owners and the function

a yacht as a home,” says

required. I use the same rules, the same

Nicola Fontanella of Argent

parameters when designing luxury properties,”

Design, whose land, sea and

“Some

yacht

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Highlights

Kirsten Schwalgien design for a Barcelona apartment

air commissions for one client included

walling and exotic inlays. “We used classic

The way the wealthy use their “homes”,

three properties in London and Miami,

materials in new ways, crafting themes

including boats and planes, is changing, points

two yachts (a 65m and 46m Benetti) and a

to each property and, above all, creating

out Andrew Winch of Winch Design, who is

Gulfstream G65 jet. Common features in

stunning spaces to entertain and live for an

one of the few superyacht designers to have

the London properties and yachts included

international, multi-generation family,” says

made the transition the other way, into jets

lacquered rosewood veneers, custom-made

Fontanella.

and architecture. “They now often choose to spend months at a time on their yachts and it’s not enough to simply have all the facilities available to them on sea as they would on land. It must also feel like home. It is here that the translation of yacht design to home design, and vice versa, begins,” says Winch, who is seeing a trend towards open-plan rooms without corridors on yachts, to echo people’s on-land homes.

Having this 360-degree design synergy isn’t simply a case of the super-rich wanting to replicate every last detail of their bricks and mortar properties on water, though. It’s about enjoying a “seamless living experience,” says Karen Howes, founder of design studio Taylor

“We were looking to create the serenity that comes with connection by limiting colour tones and materials and using details that pick up and connect the areas of the yacht as you walk through,” says Jim Dixon, Director, Yachts and Aviation at Winch Design

Howes, who will often design a property for a “super busy” client, only to see them come back and ask her to tackle their yacht and new

“OUR JOB is to ensure that all the PRACTICAL ELEMENTS are TAKEN CARE OF.” 12

plane too.

“All of our high net worth clients have access to this 360 degree lifestyle and we are seeing a merging of all of their disciplines,” says Howes. “They want their Private Family Office to be more like their home, their home to have

Highlights

entertaining areas like a private members’ club

prime new developments around the world

cryo-therapy chamber and is seeing a rise in

and the top hotels they stay in, and their yachts

as designers call upon nautical influences.

the number of folding balconies off master

and jets to be more relaxed and homely.”

The Corniche in London, a new luxury

bedrooms on yachts and personal beach clubs on a platform at water level.

Technology is an important part of this

residential tower that sits on the riverfront

seamless lifestyle. The technical, security and

opposite the Palace of Westminster, is designed

Meanwhile, Edward de Mallet Morgan,

audio-visual side must be identical in each

by Foster + Partners. It includes a triplex

Knight Frank’s international super prime

property, so the owner knows they can conduct

penthouse that overflows with references to

specialist, recalls a Parisian apartment in

business wherever they are or continue

the water, including in its large curving rooms

which the bespoke dining table was designed

watching a film from where they left off 2,000

and sweeping staircase redolent of a luxury

to fold up and sit in the back of a Falcon jet. “A

miles ago. “Our job is to ensure that all the

liner. On the opposite bank, another new high-

lot of these things are about the experience.

practical elements are taken care of. These

end waterfront development, Riverwalk, takes

A client will often get the same designer to

people often travel with their staff, who want to

a similar theme with its handcrafted wooden

do their yacht, house, plane and helicopter.

know that everything will work wherever they

interiors and circular entrance hall reminiscent

They want to make all of these spaces feel

are,” says Howes,

of a yacht.

bespoke to them and better than anything

The desire to duplicate elements of the

It’s not just residential property that plays

design may apply to the furnishings too. “We

increasingly on the land-sea synergy either.

Sometimes, though, it’s simpler than

have one client who has the same desk, study

Hotels are getting in on the act too. The Ritz

that. “Our clients like a smooth transition

and bed in all of his homes and on his yacht

Carlton Yacht Collection will launch its first

from one home to the next, with an element

else available,” he comments.

and plane,” she adds. “But then he wants a differentiation in look and style to feel that he has arrived in a different place. He never travels with luggage because he has everything he needs in each destination,” says Howes, who is currently working on a 20,000 sq ft house (1,858m2) in Marbella for a repeat client.

Marbella – like Palma de Mallorca and Barcelona - is one of Spain’s many soughtafter waterfront cities that attract high-net worth global individuals to the joint pleasures of luxury property and the yachting lifestyle.

Barcelona-based interior architect Kirsten Schwalgien, who spends half her time working on Spanish projects and the remainder with clients all over the world, describes this overlap between property and yacht design as “very

BBJ-1 private jet interior by Winch Design to cater to the owner’s desire for a “flying home”

common and generally ideal. These projects generally start with a yacht or a residential

three Spanish-built luxury cruise ships in

of familiarity,” says Iain Johnson, managing

project. You work well together and the client

2020, creating a new extension of the hotel

director

brand that draws heavily on the private yacht

ALLECT.

wishes you to work on their next project.”

Her clients want to feel the distinction in

experience.

of

the

London

design

house

Two of his current projects – an Italian

design between being at sea and being in their

As ultra-high net worth types enjoy this

super-yacht and a new 17,000 sq ft (1,580m2)

primary residence in a capital city or coastal

seamless existence across land, sea and air,

“super house” development near Harrods in

holiday home, she says. “But people are also

their expectations of how to have fun in each

Knightsbridge – have a definite “synergy”,

quite repetitive and they have routines that

space become ever more incredible. A snow

says Johnson. “Both require impressive public

affect how specific rooms are laid out. I analyse

room on a yacht was a recent revelation for

and private zones for family and guests, one

closely how a client lives, down to where they

Karen Howes, who says she is increasingly

of a kind materials and items that give the

like to drink their coffee in the morning, and

asked to design secure art rooms – even on

space a hand-crafted, artisan touch and top

then I create a design that fits with the property

yachts – to display a private collection. Toby

of the range, user-friendly technology,” he

or yacht.”

MacLaurin, sales and marketing director at

says. “Super-yachts and luxury residences are

The blurring of lines between homes

yacht brokers Ocean Independence, mentions

both homes. When one advances, the other

on land and sea can be increasingly seen in

his surprise at coming across an on-board

surpasses it.”

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Highlights

Creating

ART collections A

rt is a world onto its own; an ephemeral part of life that is all about free expression and creative impulses. Art opens a window to the soul, and like sport, music and film provides hardworking people with an escape into another dimension. However, it is also a unique but important industry in its own right; a global sector in which enthusiasts, museums, collectors and investors generate large sums in the acquisition of priceless classics and the works of upcoming new talents. We spoke to a selection of art experts about building art collections.

By Michel Cruz Image courtesy of Maite Coloma

Qin Feng, Zodiac – Scroll II, VIII, VII, IX, 2010 Ink and coffee on ceramic paper 300x84cm each

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Ling Jian, Golden Hall, 2017 Oil on canvas 150cm diameter

A world of art Museums and cultural institutions are the classic large-scale collectors of iconic artwork from around the world and from antiquity to the present day, but corporations and private enthusiasts and investors have also always been important players in this rather singular field still dominated by prestigious auction houses such as Sotheby’s and Christie’s.

The main international centres of this trade are London, New York and Paris, through which much of the world’s fine art finds its way to collectors and cultural institutions around the world. Here they adorn the halls of museums and beautify luxurious homes and mansions, sometimes travelling the world as part of popular temporary exhibitions.

© Ling Jian and Fabien Fryns Fine Art Ltd

Other pieces remain shut away in the private collections of the world’s most important

Anthony Gormley, Peter Halley, Keith

try to understand the concept behind it.

investors, but for those just starting out art is

Haring, Henry Hudson, Richard Hudson,

Challenge yourself as much as possible and

a world waiting to be explored and discovered,

Anish Kapoor, David LaChapelle, Robert

take calculated risks. You’ll notice that your

where the collector gradually grows within

Mapplethorpe, Shirin Neshat, Julian

tastes will change and evolve, which is good,

a process that can be highly rewarding

Schnabel, and Andy Warhol among others.

as the market moves very quickly. Finally,

financially and personally.

After 18 years of primary gallery experience,

buy for enjoyment as well as investment.”

Fabien Fryns

Fabien Fryns Fine Art now acts solely as advisors to private collectors and institutions,

Maite Coloma

and continues to promote the established Fabien Fryns has been active in the

and emerging artists they have been working

Maite has an MA in East Asian Art from

contemporary art world since 1986, primarily

with.

the Sotheby’s Institute of Art in London

as a collector and advisor to both newly initiated clients and established collectors.

In the early days, Fabien collected and placed

Creating a collection

specialising in Chinese painting, but she is also very knowledgeable in the general contemporary art scene. She runs Blossoms

works by Miquel Barcelo, Jean-Michel

“I would advise people to expose themselves

Fine Art, a Madrid-based art consultancy

Basquiat, Louise Bourgeois, Robert Combas,

to art with an open mind. Don’t go for what’s

that gives guidance to collectors interested

George Condo, Adam Fuss, Nan Goldin,

familiar and easy; look for exciting work and

in Chinese contemporary works.

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Highlights

Getting started “At the beginning it is quite important to have a mentor you can trust and ask questions of, someone who can introduce you to a sometimes, closed art world. There are things

Image courtesy of Maite Coloma Liu Bolin, Hiding in the city – Temporary wall, 2008 Archival pigment print 118x150cm

about the artist to be taken into account too, such as his/her consistency over time, for which you often have to see early works or the number of museum exhibitions and private collections that have acquired his/ her work.”

It is equally important to ‘train the eye’ by visiting art fairs and exhibitions. Do not hesitate to ask the gallerist questions about the pieces, then to learn more about them, research the artists you like. Start buying affordable pieces until your taste is developed and you know what you like.

Mercedes Duerinckx Mercedes founded the Art Wanson Gallery as an extension of an internationally renowned family business that stretches back several generations. Harnessing her passion for and know-how of art and the art world, she has built a gallery and art consultancy that offers inspiring collections and exhibitions in situ but also sources artwork for her clients from around the world. The latter include private collectors as well as museums and other cultural organisations.

“As advice to art investors and collectors who want to get started, I would say that it isn’t necessary to spend vast amounts of money to create an interesting, rewarding portfolio that also has great investment potential. We know the market, what are realistic values, and which artists are upcoming and have a good chance of making it big, so we use this knowledge to advise our clients to buy wisely and create intriguing, beautiful collections that are likely to produce great returns, as well as give them pleasure as RizonJet Doha (State of Qatar). Image courtesy of Wanson Gallery

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they gain experience as collectors.”

Highlights

Roads less travelled & the

BENTLEY Continental GT

By Sam Hexter-Andrews

T

Photography by Annie Rose. Vehicle courtesy of C. de Salamanca

here

are

throughout

many the

locations

world

steering wheel, quilted leather on the seats and

motor vehicle. Every surface exhibits a superior

that

the Bentley emblem delicately embroidered

quality finish to see and touch. Even the inside

boast stirring vistas and unique

into the headrest. The interior build quality is

of the door handles, an area you’ll never lay

landscapes; but perhaps none so

second to none. The interior on our car was

eyes on, is finished with a tactile machined

beautiful as the mountain passes that vein out

finished in a deep Piano Black with chrome

texture. It’s in these seemingly minuscule

from the heart of Marbella. Once you decide

accents, a true statement of modernism.

details that Bentley truly outclasses many

to head north, leaving the bustling cityscape

There’s even an option to hide the sat-nav

other luxury marques in today’s market.

and crystal coastline, Andalusia will reward

and infotainment system in favour of classic

When the twin-turbocharged, 6-litre W12

you with some of the most glorious, smooth,

chronograph dials and a compass, paying

roars to life for the first time, we’re greeted by

serpentine tarmac that Europe has to offer.

homage to grand tourers of old.

a bellowing soundtrack that would be chasing

And so what better place than the mountains

Each piece of switch-gear is finished like

us up the valleys for the next several hours.

of Sierra de las Nieves, to get a full flavour of

exquisite jewellery. Its headlights resemble

A short drive through town cemented early

Bentley’s new luxury grand tourer, the 2019

fine-crystal whiskey tumblers rather than

on just how usable the GT is for daily driving;

Continental GT. Visually, the

anything that should ever be found on a

with a healthy 664 lb-ft of torque available

new

Continental GT is a truly stunning piece of design that exhibits

clean,

sweeping

superformed lines and a wide, low body, evoking a sense of speed and presence, even when completely stationary.

This sleek styling amplifies inside the coachwork, with the cabin offering genuine luxury real estate for its occupants.

Every leather-wrapped panel is hand stitched, as is the

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Highlights

from just 1350 rpm, driving at low speeds is truly an effortless and leisurely affair. You

more untamed. The outside air thins, tasting

gave plentiful opportunities for the locals and

clean and crisp. At approximately 750 meters

tourists to bask in the gravitas and presence

above sea level, you’ll discover the ancient city

of the Continental, and certainly made for

of Ronda. Set above a deep gorge named El

photographs with stirring composition - a

Tajo, over a 100 metre sheer drop that separates

new, brilliant feat of engineering juxtaposed

the city’s 15th-century new town from its old

between buildings and landmarks that are

town, dating to Moorish rule. Puente Nuevo, a

hundreds of years its senior. Before long, we

stone bridge spanning the chasm, has a lookout

began our return journey, enjoying each twist,

that serves up some spectacular scenery.

apex and rolling panorama as if it were the

Ronda wasn’t set to be our final destination

first time again, but now at a thrilling paced

fuel

for the Bentley however, as in true grand

descent, putting the GT’s enormous 420mm

economy, thanks to new variable displacement

touring heritage, the destination is the most

iron discs to the ultimate test.

technology that causes one entire bank of

inconsequential part of the journey. Instead,

As cues of familiar civilization grew

cylinders to disengage, reducing the number

we traversed Puente Nuevo, taking in the

more frequent, we knew our time with the

in operation to six without the driver ever

sights and sounds of the ancient city; seemingly

Continental was coming to an end. It had

noticing. As soon as the throttle body opens to

worlds away from Marbella’s throngs of

proven itself as more than a brilliant grand

a certain threshold, the engine then reengages

glamour, and yet still only an hour away. It also

tourer. The connection between car and driver,

can

even

enjoy

some

respectable

all 12 cylinders. But for the rest of the trip, we’d be sure to let the 626bhp W12 sing.

As we begin our climb, passing several small ventas peddling fresh oranges, the roads begin to narrow around the wide haunches of the GT. As the turns tighten, more opportunities arise for the Continental to show off its new, sharper handling. Tipping the scales at over 2244 Kg, this heavyweight grand tourer is exactly that.

But it certainly hides its mass well at speed, offering great turn-in, making it feel far more nimble than a vehicle of its weight or size ever should.

Our meandering path ahead began to widen again, opening to long sweeping turns that reveal more of the endless sea of layered mountains and valleys below. With the W12 motor effortlessly surging forward, the wider track enabled us to experience the huge levels of mechanical grip and stability on offer. Even in Sport mode, the ride remains supple and

like that between horse and rider, needs to

feels to barely compromise damping at all.

close, emotional and purposeful, and whilst

And in comfort mode, it can hardly feel like

not having the dexterity of a sports car or

you’re in a 333km/h land-based vehicle at

the exhilarating power of a supercar, the

all, with the air suspension providing a crisp,

new Continental still manages to offer that

smooth ride.

affiliation, whilst providing pure opulence and

The higher you ascend, the more dramatic

an unwavering sense of majesty. The GT always

and sparsely inhabited the desolate landscape

felt capable and athletic, and never left me

becomes, with small valleys turning into gaping

wanting for anything. And aesthetically, I think

crevasses. The sunlight begins to shade distant

it may be one of the most gorgeous realised

mountains in a dark royal blue and the rocky

joint ventures of art and engineering of all

passes that besiege the roads become even

time. It’s a masterpiece.

18

19

The branded

RESIDENCES BOOM

20

Highlights

Whether it’s an apartment designed by Armani, a penthouse where your Porsche will be transported to your door in a bespoke lift, or a condo where you can enjoy on-tap cocktails from Ritz-Carlton, having a branded home these days is big business.

By Zoe Dare Hall

T

here

are

more

developments

than

with

400

some

new

55,000

branded residences around the world.

Traditionally, that means a hotel-

led scheme whose integrated or linked properties come with the built-in security and reputation for quality that the brand brings, plus access to the hotel’s management services and luxury facilities.

“Wealthy buyers want the five-star hotel service they experience in their travels to exist in their homes too,” explains Knight Frank’s prime central London development expert Ian Pidgeon of the appeal.

Leading the way among hotel-branded residences is the Marriott, which has lent its name to a third of the world’s branded schemes, with a further 60 in the pipeline. But in this ever-expanding and diversifying sphere, non-hotel brands are entering the fray – in particular, fashion designers including Missoni, Armani and Versace, and premium car marques such as Porsche, Aston Martin and Bugatti.

Such partnerships are particularly loved by property developers in Miami and Dubai. They are both locations that love their

The Royal Atlantis Resort, Dubai, see page 133

bling and attract wealthy, global buyers who instantly recognise the brand and know what to expect, even though their off-plan property probably won’t be built for a few years. In the meantime, the developer can build the hype – such as at Miami’s Porsche Design Tower, whose futuristic car elevator, the Dezervator, has become a celebrity in its own right. And in Dubai, there’s big excitement over the new branded residences that will form part of the world-famous Royal Atlantis Resort on The Palm. “They are set to be a new icon for Dubai,”

Opposite page: one of Finca Cortesín´s many leisure areas Above: Four Seasons Hotel and Private Residences, Madrid, see page 122

21

Highlights

says Knight Frank Dubai partner Maria Morris of the

food and beverage available 24 hours a day – but you

huge oceanfront residences that will enjoy the hotel’s

do need a properly trained concierge and excellent

lavish facilities and services. Glamorous as it is to say

management,” he comments.

you have a home made by, say, Missoni – as is the case

Branded residences began in the US nearly a

on the Miami waterfront – it seems more logical for

century ago, when the Sherry-Netherland hotel

a Marriott or Mandarin Oriental, who are experts in

opened in Manhattan in 1929. The concept really

Sydney view from Crown Residences at One Barangaroo, see page 130

hospitality, to provide your in-house chef and turn

began to take off in the 1980s, however, when Four

down your sheets at night rather than a brand known

Seasons opened condos next to its hotel in Boston

for its colourful knitwear. But actually, says Ian

and Aman hotels took the concept to a resort setting

Pidgeon, having a hotel as the brand isn’t essential

in Thailand.

to the success of the scheme. “You don’t need to have

Now, North America claims a third of the world’s branded schemes. But Asia – particularly Thailand,

“WEALTHY BUYERS want the five-star HOTEL SERVICE they EXPERIENCE in their travels to exist in their HOMES too,” 22

where 40% of new developments are branded – is following hot on its heels. Australia now claims its first branded residences project too - One Barangaroo on the Sydney harbour front, practically within earshot of the Opera House. The new six-star Crown Resort hotel will service the 82 residences, which are available through Knight Frank.

Europe has been slower to latch on, accounting for just 7% of branded residences globally. It’s partly

Highlights

because in Europe, “there is less demand for branded

offering access to hotel services or by being

things, period,” comments Piers Schmidt from The

architecturally outstanding in some way.”

Luxury Branding consultancy in Knight Frank’s

Prime city centre locations are favoured by

Branded Residences Report 2019. “Developers

two thirds of branded residence schemes globally.

are less prone to license a brand to move their real

Barcelona will soon see completion of its first branded

estate [in Europe] because they know their asset has

hotel residences, the Mandarin Oriental Residences,

appeal,” he adds.

among the designer boutiques on prestigious Paseo

But Europe is a potential area of great growth in branded residences – and nowhere more so than Spain, whose luxury market is just starting to latch on to the appeal of having five-star facilities on tap.

de Gracia. They will be the luxury hotel group’s first standalone residences scheme in Europe.

Besides the right location, the essence of the brand must flow subtly throughout the project.

Madrid’s new Centro Canalejas – a high-end retail complex housed in seven historic buildings in the city centre, set to open in late 2019 – will include Spain’s first Four Seasons hotel, complete with 22 private residences on sale from €3m. Buyers so far have been 50% Spanish – mainly from Madrid – and 50% from overseas, notably South America and the Middle East.

As an investment destination, Madrid has become hot property. Prime prices rose by 8.1% in 2018 and are forecast to rise by 6% in 2019, placing it at the top of Knight Frank’s prime residential forecast for global cities. Central to Madrid’s appeal to investors is its relative value, attractive lifestyle and healthy tenant demand. Yet Spain has been slower than other countries to latch on to the branded residences concept.

“Spain has been going through a big recovery process since the global crisis, and Madrid, in particular, has become a key focus for international A private residence at Finca Cortesín

investment. The capital is now one of Europe’s major cities in terms of tourism, infrastructure, education,

“When the client enters their residence, they must

leisure and gastronomy. It’s encouraging many

instantly feel a direct connection with the brand that

investors to consider developing high-end schemes

is sponsoring the project,” comments Carlos Zamora.

with the seal of a prestigious brand, such as Four

“In the case of the Four Seasons Private Residences

Seasons Private Residences Madrid,” comments

Madrid, you feel the sense of exclusivity and quality

Carlos Zamora, head of residential for Knight Frank

that’s synonymous with the brand, as well as being

Madrid.

able to enjoy all the comforts and services the hotel

“We believe it is a model that will be repeated

offers its guests.”

mainly in Madrid and Barcelona. Clients in these

Sales at these landmark schemes in Madrid

cities are more sophisticated and demanding, and

and Barcelona show a healthy appetite for high-end

they have an increasingly international profile, so

branded schemes in Spain. Now, more are set to follow

prime projects must adapt to their needs by offering

– and they are branching out beyond Spain’s key cities

all kinds of services and amenities,” Zamora adds.

to Marbella.

“It’s a way of differentiating a prime project from

Four Seasons has earmarked a prime site near

the rest of the market, making it more exclusive by

Los Monteros on the eastern side of Marbella as the

23

Highlights

location for its second Spanish resort – a locally-

it has slowly, discreetly taken this period of recovery

adapted version of Miami’s upmarket Surf Club in

since the crisis to become a highly desirable one of

partnership with the US developer Fort Partners.

its own.

The privately-owned residences will form part of the

The developers of Francesc Macià 10 - whose

hotel’s accommodation, earning owners significant

eight huge, lateral residences in a converted landmark

revenue when they are not using them.

Bauhaus building are described as Barcelona’s first

W, the hotel chain that transformed Barcelona’s

super-prime residential scheme – have followed a

beachfront when it opened in 2009, has also chosen

similar path. Rather than recruit a global brand, they

the Costa del Sol resort for its new venture, The

have put together a local team with local expertise

Residences at W Marbella, scheduled to open in

and knowledge, explains José Caireta, co-founder

2021. The resort – part of the Starwood-Marriott

of developers Squircle Capital. “Not only is this cost

group - will overlook Real de Zaragoza beach and

saving, but it ensures independence, a more personal

include 100 W-branded apartments and villas for sale

service and flexibility.”

The converted landmark Bauhaus building at Francesc Macià 10

with access to all of the hotel’s amenities, including dining, housekeeping and a private pool.

24

For developers who do choose to partner up with a global brand, the options are limitless. If it can work

Spain is also showing a talent for developing its

with luxury car and clothes brands, why not with

own brands of luxury residences. Finca Cortesín, near

big tech, wellness or eco brands? The Ritz-Carlton

the Moorish whitewashed town of Casares on the

Residences Miami Beach is setting itself apart from the

Costa del Sol, launched just before Spain’s property

competition with facilities such as the first residential

market was hit by the global credit crisis. Yet a decade

sharing room, where residents can borrow each other’s

or so later, the five-star cortijo-style hotel and large,

golf clubs, designer handbags or vintage artworks.

luxury villas, set on one of the country’s best golf

For buyers, it’s all about finding a place and

courses, has built a reputation as one of the best

product that chimes with their character and lifestyle.

boutique resorts in Spain. Rather than buy into the

It’s like living with an old, cherished friend – one who

name and reputation of an already established brand,

needs little introduction.

Highlights

MARKET REPORT 2019

By Michel Cruz

After a five-year period of sustained growth, it seems there is now a change in the air. Whether they are early tidings of a general cyclical shift, a result of factors such as Brexit or something more local in nature, there are some signs that are urging us to take our foot off the accelerator and take stock, the better to judge the prevailing conditions.

Looking ahead – what’s in store for the market?

The figures tell us that 2018 was another year in a series that started – at least in the Marbella area – around 2013. Here the market bottomed out in 2012 and began a gradual recovery in 2013 that had accelerated into a new growth cycle by 2015, with strong demand for the new modern villas and apartments being built both then and now.

However, while some Spanish regions, including Andalucía, are still in full upswing, others are beginning to see a slowing down of growth. With a drop-off in enquiries and sales in H2 of last year, albeit with a rallying of activity towards the end of the year, this appears to apply to Marbella and the Costa del Sol as well, which drive much of the growth in Málaga province – itself consistently one of the most important and dynamic property markets in Spain.

25

Highlights

lows – predominantly by cash

Property sales in ‘The Golden Triangle’ show a 56% increase from 2012 to 2018

buyers. And yet, just lately there has been a tailing off of demand, which seems to indicate something is afoot.

The factors at play It is tempting to look straight to Brexit and gathering macroeconomic clouds for an answer, but before we do let’s analyse things closer to home.

More specifically, let’s look at the interaction between Source: Ministerio de Fomento

*Provisional, unconfirmed figures for the fourth quarter 2018

the main factors at work in our market, namely: Supply,

Where the market is at

driven primarily by new-build modern homes

Demand, Price, Cost and

Sales for the so-called Golden Triangle

and – in spite of the fact that banks are

Planning.

(Marbella, Estepona and Benahavís) had

lending again and interest rates are at historic

been rising since 2011, with the exception of a small dip in 2016 caused by the aftershock of the Brexit referendum in H2 of the year. The number of transactions registered rebounded in 2017, with strong international

We can all agree that there

Comparative values in the Golden Triangle (Marbella, Estepona, Benahavís) How many square metres does 1.000.000€ buy you in:

has been a ‘white revolution’ of modern styled properties on the coast since the construction machine

demand and a resurgent British market, yet

cranked back into life around

in 2018 it stabilised due to a relatively poor

2012. The first new projects

showing in the second half of the year.

sold so well that it became clear there was a shortage

Growth levelling off

of such homes relative to an

Agents in the region reported a pick-up in

eager demand for the latest

enquiries at the end of the year, but by and

styles, build qualities and

large the stabilisation has continued into

high-tech amenities, but now

2019. What does this mean? Not necessarily

we seem to be approaching

anything too ominous, as it wouldn’t be such

a situation where supply has

a bad thing if we were to hold on to the present

caught up with demand and

level of sales activity, but in reality a slow-

is in danger of surpassing it.

down in growth is usually followed by a drop,

This is nothing new, as

not an extended period of level activity. It’s

we’ve experienced it before,

therefore important to look at the possible

and it seems to be confirmed

causes behind the latest trend.

by a record number of new projects in Málaga province

Marbella is a bit of a national indicator, as it

being signed off by the

tends to be ahead of the curve economically,

Colegio de Arquitectos

and it’s in part due to the fact that it is so

(Institute of Chartered

dependent upon and in tune with the broader

Architects) in 2017, and

European economies. Demand from these sources has been solid for some time now,

26

then again in 2018, when it *Above prices for luxury villas/apartments

increased by 57%.

Highlights

New build vs Resales 2012-2018 by municipality

*Provisional, unconfirmed figures for the fourth quarter 2018 Source: Ministerio de Fomento

Over-supply?

faster than the properties built on them,

With a slight time-lag, this translates into a

construction costs are similarly putting

record number of new projects entering the

pressure on investors’ margins, and the rising

market, and while they are mostly smaller in

house and square metre prices are beginning

scale than during the boom of the 2000s,

to put buyers off – especially in a market with

there is a worrying lack of variety, as many

so much choice and the best locations taken.

seem to focus on the same mix of design, amenities and price range. Feedback from

Value

the market is that the greatest drop in sales

High prices are not sexy unless you’re in a

has been seen in the lower-to-mid range,

rapidly upwardly mobile economy, and while

which appears to be suffering from a degree

top-end buyers are willing to pay a premium

of oversupply and over-competition. The

for well-located modern villas and apartments

more idiosyncratic offering of the top-end

that offer true villa specifications, the recent

of the market looks to be more robust, and

rise in popularity of cheaper areas such as

those brave enough to veer away from the

Manilva indicates that the lower half of the

lowest common denominator are finding

market is coming full-circle and searching

rewarding niche segments in the market,

for value in the form of repurposed, previously

though in Marbella, where there is in fact

unsold stock of the kind being snapped up

a shortage of new projects, the scenario is

in and around Marbella between 2010 and

quite different.

2014. The surrounding areas have recovered more slowly than Marbella, but they are also

Price and cost

drawing buyers through attractive prices

It therefore appears that, external factors

in a Costa del Sol market that seems to be

aside, there is a strong appetite for the

losing the battle against value, as the average

lifestyle and properties of this region, but that

price increase in 2018 ranged from 3% to

oversupply and high prices are beginning to

7% depending on location and property type

have an adverse impact on the market.

within the Marbella area.

Earlier projects saw developers buy the best plots of land cheap, build at a lower cost and

Off-plan versus Re-sale

sell faster, yet now land values have risen

If it was modern off-plan developments that

27

Highlights

were driving the market in recent years, they

minimalist styles, so people seem to be

are also the ones whose prices (especially per

more open to classic-contemporary blends

m2) have been growing fastest. This is partly

than they have been for a while, yet modern

driven by consumer demand, partly by rising

infrastructure and amenities as well as build

producer costs and also by the mechanism

qualities remain high on most buyers’ wish

of raising prices between successive stages

lists.

of a project. The latter, like flipping, can only be maintained in a buoyant market, and

New versus established areas

adds to the latest trend away from off-plan

Location is the king of real estate, so sea or

domination and back towards re-sales.

waterside views can fetch up to 25% more

The latter are seen to offer more m2 for your

for an intrinsically similar home, while golf

euro, and often in established areas.

and country club locations like branded

Modernising existing stock

properties can add 15% to the value. Limited supply combined with a frontline beach

Quite apart from hitherto unsold

location and lots of pedigree makes the

repossessions, the market for renovating

Golden Mile a prime address that has recently

and modernising older properties is one

been capable of square metre prices in excess

that remains solid and is in fact gaining in

of €20,000. Other established areas are

popularity again. This is because people are

similarly still much in demand, and while

seeing more potential value in it, and it will

much of the recent growth has been in

remain a solid segment as long as selling

up-and-coming zones such as the New Golden

prices and renovation costs do not grow so

Mile, Estepona West, Marbella East and

quickly as to render the option increasingly

La Cala, they still have some catching up to

unattractive. The success both private

do in terms of intrinsic appeal, since their

investors/homeowners and specialised

recent competitive advantage has been more

businesses have had with updating existing

about availability of land and building

villas and even apartments, shows that the

licences, as well as value for money.

buying public will certainly consider a re-sale property as long as you make it sexy and

The Golden Triangle

appealing. In fact, just lately there seems to

While Marbella solves its planning issues,

be a little fatigue with modern white

Benahavís, Estepona, Ojén and Mijas have stepped in to absorb much of the recent

Percentage contribution of foreign buyers:

growth in what can generally be described as a broadly beneficial spreading of development and investment. It has levelled the playing field a little and given developer and buyer alike a broader range of options than before.

For now, however, we’re witnessing a cooling off of demand in the new areas, as they too see prices rise perhaps more quickly than the market can carry right now.

How the market is responding So how does the market respond to this?

If average sales times begin to grow this will eventually put pressure first on the phased Source: Colegio de Registradores de la Propiedad

28

price increases of off-plan projects, and

Highlights

Ranking of foreign nationalities buying Spanish property (nationwide) Percentage shows share of each nationality over the total foreign buyers for each year

Source: Colegio de Registradores de la Propiedad

ultimately result in reduced prices. We expect

For one, we will have to see a cooling off

prices to begin to stabilise and later drop a

of land and construction costs as well as an

little, as always starting with those properties

easing of property prices if the investment

that feel the pinch of competition strongest

market is to regain its dynamism, as well as

and/or are less favourably situated. So don’t

a resolution of the Brexit impasse. But that’s

expect many bargains in prime locations

not to say that brave, unique and also truly

anytime soon.

luxurious initiatives can’t be successful.

Investors

Buyers

The fact that some American and European

The success of projects such as Emare, Epic,

funds are not as active as they were a few

Nine Lions, The Edge, The View Marbella

Top 10 nationalities searching for property in Marbella in 2018

Source: DM Properties/Knight Frank

years ago in the local market or at the very

and similar high-spec developments in top

least in land banking, is an indication that

locations offering relatively rare villa space

the market could be slowing down, as the

and comfort in an apartment/penthouse

institutional investors who prefer steady

configuration, shows once again that, if

returns to risk may be losing confidence in

it’s the right fit, the top end of the market is

the short-term prospects of new projects.

more resilient than the broad middle belt.

29

Highlights

For this reason, many who could previously afford prime locations within Marbella/Benahavís/Estepona are now

Relative Values How many square metres of prime property does US$1m* buy in key cities?

looking at less expensive ones here and in neighbouring areas. As far as our own demographics are concerned, they show that younger generations (35-44) rank first in property searches, followed by the 45-54 age bracket and 25-34 year olds are third on the list.

Developers Creative, innovative products offered by developers who have the strength of their convictions might just fill a hitherto uncatered for niche, but that can be easily said and not done if your costs are already high and your margins tight. Need is the father of invention and creativity, so new and exciting need not always be costlier, though naturally it is riskier than the tried and tested formula that too many follow.

The bottom line Before we get down on ourselves, let’s be reminded that though market conditions have got a little tougher in the past few months we haven’t officially entered anything near a recession or downturn.

If anything, construction, sales and rising prices will continue to grow moderately for some time to come, but if we’re to avoid choppy waters it pays to look potential threats in the eye and be prepared for them, so let’s be creative, offer value and allow the real estate offering to evolve and diversify, and we’ll find the intrinsic demand for property on this coast is as strong as ever.

30

Sources: Knight Frank Research, Douglas Elliman, Ken Corporation, DM Properties

PROPERTY CONTENTS

BenahavĂ­s

62

Marbella

110

56

108

112

32

Estepona

Casares

Inland

International

31

BenahavĂ­s

International allure in LA ZAGALETA

mansion

The select country club of La Zagaleta in the hills overlooking Marbella offers its discerning international homeowners natural splendour, privacy, exclusive services and some of the finest villas on the Mediterranean. This villa ranks among the finest homes in La Zagaleta and Marbella. By Michel Cruz/Photography Charly Simon

32

Benahavís

T

he first sign of a distinguished property is the sense of

Luxurious residence made for stylish entertaining

arrival it offers. Automatic gates that glide open effortlessly

The space, amenities, style and distribution of this luxurious villa

to reveal an imposing driveway and forecourt with deluxe

make it a superlative residence that is just made for entertaining

undercover parking surrounded by greenery, water

lucky guests and visitors in the very finest of contemporary

features and the architectural outline of the villa set the tone for this

Mediterranean settings. Follow the focal point of the vistas that come

outstanding home.

into view the minute you open the front door and you see the sea

The volume and quality of the property are immediately evident, dressed with understated refinement and imbued with the signature

shimmering beyond the sleek swimming pool, which appears to float in mid-air.

architecture of Marcos Sáinz. This impression is confirmed when you

An elegantly concealed lift is situated on the left-hand side of the

step through the imposing solid front door with its beautiful detail and

entrance hall, which flows on to a large central hallway resplendent

enter a hallway flanked by a beautifully styled circular staircase. A study

in natural light. “We chose the property for its exclusivity, peace and

in elegant forms, it is one of the many eye-catching design elements

incomparable views, as well as the perfect architecture,” says the

of the home.

owner.

33

BenahavĂ­s

A large, comfortable reception room flanked by a cosy family TV room and a dining room leading on

breath-taking views of the surrounding hills, valleys and the Mediterranean Sea.

to a state-of-the-art kitchen with restaurant-level

This view is symmetrically detailed with two

catering capacity connects along the full length of

impressive fire bowls, which create a stunning

the house with a terrace. The latter provides outdoor

visual impact when lit in the evenings. The adjacent

lounge and dining areas that are an extension of the

covered chill-out area is an ideal spot from which

indoor space, whilst overlooking manicured Bermuda

to relax and enjoy the sunset and views. Stairs

grass lawns and a panoramic swimming pool and

lead from the beautifully appointed modern

deck that maximises the infinity edge impact amid

laundry and pantry down to a professional home

34

cinema and wine cellar, and a spa area with gym, changing rooms/bathrooms, sauna, steam bath, showers, treatment rooms and heated indoor swimming pool whose design, ambience and amenities leave many luxurious five-star deluxe resorts behind.

“It’s a superlative home with views that take you by surprise by day and night.” They are shared by a fully independent apartment, positioned below the guest wing on the ground floor. Naturally, in a property of this standing, there is also a multi-vehicle garage in which to keep your car collection in style. The top floor is given over to a series of luxuriant bedroom suites, each with its own signature bathroom in combination of black, richly veined brown and also lighter-toned marble sourced from around

ACCOMMODATION INCLUDES:

the world, while the his and her dressing rooms offer the convenience of a boutique within what is quite simply an outstanding contemporary mansion in La Zagaleta.

6,654 1,925

ASKING PRICE: On Application 35

Benahavís

La Zagaleta FRONTLINE GOLF HOME Perfection awaits the discerning buyer at this Andalusian style villa overlooking the prestigious La Zagaleta golf course and situated within a meticulously manicured garden with infinity swimming pool. The magnificent home boasts a grand two-storey entry with fine mouldings, lounge with fireplace and gourmet kitchen.

Approximately 1,312m² built on a plot of 5,254m².

ACCOMMODATION INCLUDES: 5 bedrooms 5 bathrooms Master bedroom with private terrace Gym, sauna, cinema, games room & bodega Garage for 6 cars Infinity pool

ASKING PRICE: 4,900,000€ Ref: DM2021

La Zagaleta GOLF VIEWS A contemporary villa with beautiful mountain and golf views situated in the exclusive estate of La Zagaleta, at a 15-minute drive from Marbella. This property is distributed over three levels offering lovely gardens with a large swimming pool.

Approximately 1,035m² on a plot of 3,206m².

ACCOMMODATION INCLUDES: 5 bedrooms 5 bathrooms Heated indoor pool Spa & Turkish bath Garage for 4 cars Wine cellar

ASKING PRICE: 4,800,000€ Ref: DM2947-02 36

Benahavís

La Zagaleta ELEGANT COUNTRY CLUB LIVING This traditional style villa is set in Marbella’s most exclusive community with spectacular views over beautiful natural countryside. La Zagaleta Country Club and Golf Resort has wonderful facilities, from the scenic golf courses and horse-riding centre to the elegant clubhouse with its restaurant, pool area, bar, lounge, billiards room and helipad.

Approximately 618m² built on a plot of 3,140m².

ACCOMMODATION INCLUDES: 5 bedrooms 5 bathrooms Gym, games and cinema rooms Access to golf courses and helipad Spectacular mountain views 2 car garage and 2 car carport

ASKING PRICE: 3,750,000€ Ref: DM3952

La Zagaleta TROPICAL VILLA RETREAT Nestled within a totally fenced plot amid a tranquil expanse of greenery in Marbella’s most highly sought-after residential estate, this stylish villa looks south, taking in views across Marbella’s coastal region all the way to Gibraltar and North Africa. Built to the highest standards, the villa can easily be extended from 3 to 7 bedrooms.

Approximately 941m² built on a plot of 6,417m².

ACCOMMODATION INCLUDES: 3 bedrooms 3 bathrooms Designed by architect Melvin Villaroel Main house and guest quarters Panoramic coastal and sea views Possibility to add more bedrooms

ASKING PRICE: 4,950,000€ Ref: DM3476 37

Benahavís

La Zagaleta STUNNING PANORAMIC VILLA

ACCOMMODATION INCLUDES:

El Ciprés is an outstanding brand-new south facing residence with panoramic views

10 bedrooms

of the Mediterranean Sea, Gibraltar and the African coast set on a plot of 8,000m²

10 bathrooms

in the sought after La Zagaleta Golf & Country Club. This private estate is gated

Gym, spa, sauna and steam room

with 24-hour security and offers its residents a variety of sporting facilities as well as

Interior and exterior pools

helipad, equestrian centre, two 18-hole golf courses and red carpet services such

Panoramic coastal views

as helicopter transfers and property management. Designed by Tobal Arquitectos,

Private garage and 4 car carport

this property features architecture that combines modern aesthetics with innovative technologies and natural textures, carefully merging it with the environment.

Approximately 2,560m² built on a plot of 8,209m².

Ref: DM4035

38

ASKING PRICE: 13,900,000€

BenahavĂ­s

39

Benahavís

La Zagaleta CONTEMPORARY ANDALUSIAN RETREAT

ACCOMMODATION INCLUDES:

A sublime newly built contemporary home spread over three floors

8 bedrooms

with private lift and boasting an elegant leisure area featuring an indoor

9 bathrooms

swimming pool, large gym, spa, home cinema, snooker area and

Indoor and outdoor swimming pools

trendy bodega-bar. Constructed to the highest specifications,

Lift to all floors

the villa offers fantastic open south-facing sea views from every room.

Landscaped gardens and stunning sea views

La Zagaleta offers 24-hour security and two 18-hole golf courses,

8 car garage

tennis courts, riding stables and club house.

Approximately 1,965m² built on a plot of 7,350m².

Ref: DM4089

40

ASKING PRICE: 12,750,000€

Benahavís

La Zagaleta MAGNIFICENT FAMILY HOME

ACCOMMODATION INCLUDES:

This exceptional villa is ideal for a family home in a secluded enclave within

6 bedrooms

the sought after country club estate of La Zagaleta. The property enjoys

6 bathrooms

wonderful views to the mountains and across to the Mediterranean Sea.

Mountain and sea views

Recently redecorated, it offers spacious accommodation distributed over

Spa and wine cellar

three levels, with a grand entrance hall, an impressive living room with

Space for cinema and gym

fireplace, separate sitting room, large fully fitted kitchen/dining room, six

6 car garage

en-suite bedrooms and a study. The basement level features a private wine cellar, spa, billiards room and space for a cinema and gymnasium.

Approximately 1,172m² built on a plot of 6,054m².

Ref: DM4041

ASKING PRICE: 5,900,000€

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Benahavís

El Madroñal ELEGANT COUNTRY RESIDENCE A charming villa set in the pine cork forested residential private estate of El Madroñal with magnificent views to the coastline and mountains.

Close to San Pedro de Alcántara and only 40 minutes’ drive to Ronda, this home is set on an extensive plot that allows for further expansion.

Approximately 772m² built on a plot of 6,955m².

ACCOMMODATION INCLUDES: 6 bedrooms 5 bathrooms Private heated pool and garden Guest apartment Panoramic views over the coastline and sea 2 car garage and carport for 2 vehicles

ASKING PRICE: 2,500,000€ Ref: DM3599

El Madroñal SPACIOUS COUNTRY HOME A traditional Andalusian style villa blending perfectly into its surroundings, this property is situated in El Madroñal, one of the most sought-after locations in the area. The master bedroom suite features a vaulted beam ceiling, dressing area and private bathroom leading onto an enchanting balcony and open terrace.

Approximately 598m² built on a plot of 8,820m².

ACCOMMODATION INCLUDES: 7 bedrooms 6 bathrooms Large terraces and patios Independent guest accommodation Outdoor swimming pool and mature garden 2 car garage

ASKING PRICE: 1,950,000€ Ref: DM3833 42

Benahavís

El Madroñal ELEVATED SEA VIEW VILLA

ACCOMMODATION INCLUDES:

This traditional style villa was recently reformed and now features a new

4 bedrooms

modern kitchen and bathrooms. The property is situated in El Madroñal,

5 bathrooms

an area known for having country chic in the hills immediately above

Sea and mountain views

Marbella. Adjoining the renowned La Zagaleta country club, this private

Heated pool with salt chlorination

gated community is home to luxurious villas set upon lush grounds

Impeccable mature garden and fruit tree orchard

surrounded by a private cordon sanitaire of untamed nature. Put

3 car garage and potential for staff quarters

differently, living in El Madroñal comes with space, privacy and some of the most imposing sea, mountain and country views in Marbella.

Approximately 560m² on a plot of 6,303m².

Ref: DM4455

ASKING PRICE: 2,400,000€

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Benahavís

CLASSIC

REFINEMENT As with all homes of true pedigree, this elegant country villa in El Madroñal wasn’t hastily conceived and constructed yesterday but rather forms the culmination of three decades of care and attention.

By Michel Cruz/Photography by Charly Simon

E

l Madroñal is an area known for country chic in the hills immediately above Marbella. Adjoining the renowned La Zagaleta country club, this private gated community is home to luxurious villas set upon lush grounds surrounded by a private cordon sanitaire of untamed nature.

Put differently, living in El Madroñal comes with space, privacy and some of the most imposing sea, mountain and country views in Marbella.

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Benahavís

One of the finest of the rustic chic homes to be found in El Madroñal is this exquisite villa featuring nine bedrooms set within a main house and a separate guest cottage. Together they offer 1,000m2 of living space, with over 100m2 of undulating terraces that make the most of a panoramic setting in which spectacular sea views over the Mediterranean are framed by the intense greenery of El Madroñal.

From this position the world is peaceful, private and awash with beauty.

“PEACEFUL, PRIVATE and awash with BEAUTY”

The gates open to a forecourt with double garage, revealing a delightful fountain and architectural details along the way. The main villa is entered through a solid Ronda wooden door, which forms the threshold to an entrance hall that is at once impressive and welcoming. From here one enters an equally elegant and cosy drawing room that leads on to an even sunnier reading room on the west side, and a formal dining room that shares 46

Benahavís

the wonderful views enjoyed by virtually every part of the home.

A more informal dining room, ideal for large parties occupies a particularly scenic position, with windows that open up and offer direct access to a peaceful part of the terrace that contains a small herb garden. It is connected via the laundry/utility room to a wonderful country kitchen whose charm, elegance and contemporary convenience symbolises a property whose bearing

and refinement cannot be achieved

overnight.

Follow the stairs and you come to the private quarters with master bedroom suite. The upper floor also contains a private office and, set within a separate wing, an independent apartment. The swimming pool, which features a retractable cover and can be used throughout the year, is situated along a panoramic pool deck near the guest cottage. The latter offers lucky visitors several bedroom suites, along with independent kitchen and lounge area, with another swimming pool complete with pool cabana located a little further down the gorgeous yet practically laid out gardens.

It provides an oasis of peace and wellbeing amid gorgeous greenery and impressive views, epitomising the country chic sophistication for which El Madroñal is known. The villa in question occupies almost 11.25 hectares of its finest land and is the product of a long labour of love that has resulted in a beautifully balanced and refined home in the hills above Marbella.

Imbued with a grace, homely elegance and refinement that is impossible to achieve overnight, this is a classic luxury country villa in the finest El Madroñal tradition – spacious, bright and surrounded by greenery and beautiful views, it is the ideal place to call home and entertain in.

ACCOMMODATION INCLUDES: 9 bedrooms 8 bathrooms 1,001m² built 11,574m² plot

Ref: DM4399 ASKING PRICE: 2,800,000€ 47

Benahavís

La Alquería SPECTACULAR MODERN FAMILY HOMEA

ACCOMMODATION INCLUDES:

Set in a fantastic position in a sought-after area, the villa is built over

4 bedrooms

three levels and features a large Mediterranean garden with a

4 bathrooms

20×5 metre pool with waterfall. Conveniently situated on the road

Fantastic sea and golf views

to Benahavís, it is located just ten minutes’ drive from San Pedro de

Close to three golf courses

Alcántara and Puerto Banús, and boasts covered and open terraces

Modern high quality design

from which to enjoy views across the surrounding golf courses,

Private lift

mountains and the sea.

8 car garage

Approximately 853m² built on a plot of 1,641m².

Ref: DM4230

48

ASKING PRICE: 3,200,000€

Benahavís

La Alquería STATE OF THE ART VILLA

ACCOMMODATION INCLUDES:

Cutting edge design and captivating views of the golf and sea make

4 bedrooms

this modern villa situated in the sought-after area of Nueva Atalaya

4 bathrooms

unique. Built over three levels and featuring a high ceiling lounge,

Fantastic sea and golf views

covered and uncovered terraces, and conveniently located on the road

South/west orientation

to Benahavis, it is just ten minutes’ drive to San Pedro de Alcántara and

Sleek modern design

Puerto Banús. The surrounding area is also host to three golf courses,

2 car garage, 2 car covered carport

schools and supermarkets.

Approximately 759m² built on a plot of 1,592m².

Ref: DM4230-1

ASKING PRICE: 3,300,000€

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Benahavís

Benahavís NEW BOUTIQUE COMPLEX This boutique development enjoys an unbeatable location in the hills of Marbella with panoramic views of the sea and coast, approximately ten kilometres from Puerto Banús and Benahavís, in a quiet residential area where it is possible to enjoy the green landscape of the mountains.

Approximately 103m² - 734m² built.

ACCOMMODATION INCLUDES: 3 bedrooms 2 bathrooms Completion due Dec 2020 Complex of only 24 units Panoramic views Penthouses & ground floor feature private pools

ASKING PRICE: From 860,000€ to 1,250,000€ Ref: DMD1433

La Quinta BEAUTIFUL NEW APARTMENTS Construction of Phase III of this luxury project of 90 apartments began in January 2019, with two buildings containing two and three bedroom apartments and penthouses, that feature stylish lifestyle terraces, designer kitchens and open plan living areas. The ground floor apartments also include private gardens.

Approximately 165m² - 224m² built.

ACCOMMODATION INCLUDES: 2-3 bedrooms 2-3 bathrooms Completion due summer 2020 Panoramic mountain and sea views Swimming pool with saline chlorination Parking and storeroom ASKING PRICE: From 445,000€ to 600,000€ Ref: DMD1398 50

Benahavís

Marbella Club Golf Resort SPACIOUS LIVING

ACCOMMODATION INCLUDES:

Spacious apartments and townhouses to be completed by summer 2020

3-4 bedrooms

set in the beautiful private and secure area of Marbella Club Golf Resort.

3 bathrooms

Owners will enjoy on-site amenities such as various swimming pools,

Open plan kitchens

gym, tennis and paddle tennis as well as kids’ play areas. Just a

Several swimming pools

20-minute drive to Marbella centre and 15 minutes to Puerto Banús,

Gym, tennis and paddle courts

the development offers residents an 18-hole golf course, club house,

Private garage space

equestrian centre as well as stunning views of the Mediterranean coast.

Approximately 144 - 293m² built.

Ref: DMD1383

ASKING PRICE: From 530,000€ to 697,000€

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Benahavís

La Alquería BRAND NEW VILLA

ACCOMMODATION INCLUDES:

This stylish property is situated in La Alquería, an area of modern and

6 bedrooms

newly built properties of contemporary design situated at approximately

6 bathrooms

five kilometres from the beach and a kilometre from shops, golf clubs

Room for gym, games room or home cinema

and schools. The villa is built over three levels, with six bedroom suites

Semi covered terrace and heated saltwater pool

with panoramic terraces, while the master bedroom features a private

Spectacular sea and golf views

dressing room, bathroom and covered terrace with golf and sea views.

Private garage and 2 car carport

Approximately 672m² built on a plot of 1,620m².

Ref: DM4205-03

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ASKING PRICE: 3,890,000€

Benahavís

Los Flamingos Golf CONTEMPORARY FRONTLINE LIVING

ACCOMMODATION INCLUDES:

This modern home offers a comfortable distribution with elegant en-suite

4 bedrooms

bedrooms and a stylish master suite. Downstairs features a lounge with

4 bathrooms

spectacular views that leads to a courtyard, garden and also porch area

Stunning golf and sea views

with infinity swimming pool and fire pit. The lower level offers a large

Lift to all floors

loft-like room with bathroom, machine room and parking for buggy with

Direct access to golf course

electric charger.

2 car carport and garage

Approximately 1,208m² built on 1,350m² plot.

Ref: DM4412

ASKING PRICE: 4,280,000€

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Benahavís

Monte Halcones CHARMING FAMILY HOME

ACCOMMODATION INCLUDES:

Due to its elevated position this elegant villa benefits from spectacular

4 bedrooms

views of the coast within a sought-after residential area. At only five

4 bathrooms

kilometres from the centre of San Pedro de Alcántara and six kilometres

Exceptional panoramic views

from Puerto Banús with its luxurious yacht marina, this home combines

Elegant vaulted ceilings and fireplace

the best materials with good taste.

Under-floor heating

Approximately 900m² built on a plot of 2,160m².

Carport for 3 cars

Ref: DM4217

54

ASKING PRICE: 2,700,000€

Benahavís

El Herrojo IMMACULATE REFURBISHED VILLA

ACCOMMODATION INCLUDES:

This spectacular home was recently refurbished in 2017 and is located

4 bedrooms

in the prestigious, gated and 24-hour secure, frontline golf community

4 bathrooms

of El Herrojo Alto. Within easy reach of the La Quinta clubhouse, it sits

Heated swimming pool

amid several other golf courses and leisure facilities. From the garden

Fitness area and sauna

and pool you can enjoy wonderful views over the Mediterranean coast.

Home cinema

Approximately 685m² built on a plot of 1,800m².

Two garages

Ref: DM4159

ASKING PRICE: 3,275,000€

55

Estepona

Estepona NEW BEACHFRONT APARTMENTS This magnificent luxury resort, designed by architect Rafael de la Hoz is located on the seafront just a few minutes drive from Estepona and Sotogrande. The 70-unit development occupies a privileged location with direct access to the beach, 24-hour security, spa and gym area, three infinity pools and a paddle tennis court.

Approximately 104m² - 578m² built.

ACCOMMODATION INCLUDES: 2-4 bedrooms 2-3 bathrooms Spa, gym and paddle tennis court 3 infinity pools Stunning panoramic sea views Completion Dec 2019

ASKING PRICE: From 705,000€ to 2,956,000€ Ref: DMD1386

Cancelada MODERN SEA VIEW VILLAS This is a complex of seven brand-new, south-facing villas located in Cancelada, approximately 500 metres from shops, supermarkets and other services. Designed with large windows to ensure all rooms are bright the villas benefit from porches and terraces, gardens and private swimming pools.

Approximately 417 to 435m² built on plots of 880 to 1,730m².

ACCOMMODATION INCLUDES: Completion end of 2019 South-facing with sea views Possibility of rooftop jacuzzi and chill-out zone Hydromassage bathtub in master bedroom Landscaped gardens with pool Underfloor heating throughout ASKING PRICE: From 1,350,000€ to 1,500,000€ Ref: DMD1407 56

Estepona

Casasola NEW BEACHSIDE VILLA

ACCOMMODATION INCLUDES:

ASKING PRICE: 2,700,000€

Casasola BRAND NEW BEACHSIDE HOME

ACCOMMODATION INCLUDES:

ASKING PRICE:

57

Estepona

El Velerín COUNTRY HOME WITH PANORAMIC VIEWS

ACCOMMODATION INCLUDES:

This spectacular country house designed by well-known architect

5 bedrooms

César de Leyva is situated on the very top of El Velerín Alto, surrounded

5 bathrooms

by the pine-forested hills of the Sierra Bermeja natural park. Set just

Separate guest apartment and entrance

inland from the coastal road, this delightful home enjoys the peace

Salt-water swimming pool

and tranquillity of its country setting enveloped with the smell of

Exceptional panoramic views

fresh pine, lavender and wild flowers, yet is only a short drive from

5 car garage

the amenities of Estepona and the coast.

Approximately 1,235m² on a plot of 99,660m².

Ref: DM4370

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ASKING PRICE: 4,900,000€

Estepona

Atalaya WALKING DISTANCE TO THE BEACH

ACCOMMODATION INCLUDES:

Completely stunning modern villa with impressive sea views situated

6 bedrooms

200 metres from the beach in Atalaya-Isdabe, Estepona. This one

6 bathrooms

of a kind property was built on a double size plot with excellent

Cinema room and lift to all floors

architectural design. The upper floor features a fabulous roof terrace

Indoor and outdoor pools

with spectacular views of the sea and surroundings, while the lower

200 metres from beach

floor includes a cinema room, indoor pool, Turkish and Finnish saunas.

5 car garage

Approximately 1,026m² built on a plot of 3,935m².

Ref: DM3869

ASKING PRICE: 3,200,000€

59

Estepona

New Golden Mile UNIQUE BEACHFRONT VILLA

ACCOMMODATION INCLUDES:

Unique, modern frontline beach villa located on the New Golden Mile,

12 bedrooms

Marbella West, at a ten to 15 minute drive to Puerto Banús. With direct access

13 bathrooms

to the beach, this is one of the finest beachfront homes on the whole coast.

Private lift

Offering 60 metres of beach frontage and unrivalled qualities, the property

Heated indoor and rooftop splash pools

features an entrance hall with guest toilet, lounge, TV room, fully fitted kitchen

Independent staff quarters

with central island and dining area, with three bedroom suites in the western

Fully fitted gym with panoramic sea views

wing and four more bedrooms and three bathrooms in the eastern wing.

Approximately 2,513m² built on a plot of 4,125m².

Ref: DM3690

60

ASKING PRICE: 14,200,000€

Estepona

61

Marbella

Guadalmina Alta FRONT LINE GOLF This cosy and modern style villa is set on a frontline position of the golf course and situated at approximately ten kilometres from Marbella, close to the beach within a quiet area in Guadalmina Alta.

Approximately 253m² built on a plot of 727m².

ACCOMMODATION INCLUDES: 4 bedrooms 4 bathrooms Roof terrace Golf and mountain views Salt water pool Solar panels and aerothermal energy

ASKING PRICE: 1,470,000€ Ref: DM4302

Guadalmina Baja EXCEPTIONAL BEACHSIDE PROPERTY Located at a short walk to the beach, and within a private and gated community in Guadalmina Baja, with extensive gardens, a pool gazebo, gym, games and cinema room that offer great entertainment areas.

Approximately 794m² built on a plot of 3,139m².

ACCOMMODATION INCLUDES: 5 bedrooms 5 bathrooms Short walk to the beach Self-contained apartment 2/3 car detached garage Two golf courses within the urbanisation

ASKING PRICE: 4,750,000€ Ref: DM3345 62

Marbella

Guadalmina Baja SPLENDID FAMILY HOUSE Conveniently located at approximately 950 metres from the beach and close to the Guadalmina commercial centre. The property offers a large swimming pool, spacious garden and lovely sitting area ideal for al fresco dining.

Approximately 520m² built on a plot of 1,027m².

ACCOMMODATION INCLUDES: 4 bedrooms 4 bathrooms Garden and pool views Under floor heating Garage and outside parking His and hers master bathrooms

ASKING PRICE: 2,950,000€ Ref: DM4409

Guadalmina Baja SHORT WALK TO THE BEACH Built to the highest standards and set in a prime position of the prestigious Guadalmina Baja golf estate, the property enjoys an impressive entrance courtyard. It offers views over the private gardens and pool, while only approximately 200 metres from the beach.

Approximately 1,538m² built on a plot of 3,191m².

ACCOMMODATION INCLUDES: 5 bedrooms 5 bathrooms Jacuzzi on terrace Sea views Staff bedroom Lift

ASKING PRICE: 6,900,000€ Ref: DM3347-01 63

Marbella

Nueva Andalucía BEAUTIFUL FRONTLINE GOLF VILLA

ACCOMMODATION INCLUDES:

ASKING PRICE: 4,995,000€

64

Marbella

Las Brisas FRONTLINE GOLF VILLA

ACCOMMODATION INCLUDES:

ASKING PRICE: 6,700,000€

65

Marbella

Las Brisas MODERN GOLF VILLA

ACCOMMODATION INCLUDES:

ASKING PRICE: 3,495,000€

66

Marbella

Las Brisas RENOVATED CONTEMPORARY VILLA

ACCOMMODATION INCLUDES:

ASKING PRICE: 2,595,000€

67

Marbella

Nueva Andalucía CHARMING GOLF VILLA

ACCOMMODATION INCLUDES:

ASKING PRICE: 2,995,000€

68

Marbella

Las Brisas MODERN GOLF VILLA

ACCOMMODATION INCLUDES:

ASKING PRICE: 3,495,000€

69

Marbella

Los Granados Golf PRIME GOLF LOCATION

ACCOMMODATION INCLUDES:

ASKING PRICE: 1,190,000€

70

Marbella

Aloha Park SIZEABLE SEA-VIEW PENTHOUSE This wonderful four-bedroom duplex-penthouse with sea views is situated in a secluded and peaceful neighbourhood with beautiful, extensive gardens, a gym, sauna, an indoor heated pool and two outdoor pools. The community features 24-hour security and surveillance cameras.

Approximately 362m² built.

ACCOMMODATION INCLUDES: 4 bedrooms 4 bathrooms South-west facing with sea views Gym, sauna, heated, in and outdoor pools 2 storage rooms 5 parking spaces

ASKING PRICE: 1,695,000€ Ref: DM4266

Nueva Andalucía SPACIOUS PANORAMIC APARTMENTS This development of 50 new apartments is situated on a hill in Nueva Andalucía amid spectacular golf courses and close to services and amenities. The complex offers excellent facilities including a clubhouse, swimming pools, spa and gym.

Approximately 90 to 284m² built.

ACCOMMODATION INCLUDES: 2-4 bedrooms 2-4 bathrooms Hilltop setting with breath-taking views Surrounded by award winning golf courses Outdoor and indoor heated swimming pools Sauna, Turkish bath, salt wall, ice fountain and gym

ASKING PRICE: From 565,000€ to 2,435,000€ Ref: DMD1429 71

Marbella

Las Brisas GOLF VALLEY VILLA

ACCOMMODATION INCLUDES:

ASKING PRICE: 1,990,000€

72

Marbella

Las Brisas SUPERB FRONTLINE GOLF VILLA

ACCOMMODATION INCLUDES:

Located in a quiet cul-de-sac, this villa enjoys maximum privacy and

5 bedrooms

unbeatable views over the prestigious Las Brisas golf course and the

5 bathrooms

iconic La Concha Mountain. It has been completely renovated to the

Completely renovated

highest standards of quality and finishing, with several relaxation areas

Excellent outdoor swimming pool

to fully enjoy the outdoor spaces with family and friends. A chill out corner,

Golf and mountain views

outdoor fireplaces and a wonderful pool make this villa the ideal place to

One-car garage

enjoy the cherished Marbella lifestyle.

Approximately 345m² built on a plot of 1,096m².

Ref: DM4441

ASKING PRICE: 3,895,000€

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Marbella

Malibú WATERFRONT LUXURY

ACCOMMODATION INCLUDES:

This duplex penthouse is in one of the most prestigious apartment

3 bedrooms

complexes in Marbella. Malibú, just steps from Puerto Banús, offers

3 bathrooms

24-hour security, immaculate tropical landscaped gardens with

Exclusive, private seafront property

walkways, three swimming pools (one heated) a fully equipped gym

Gated community with 24-hour security

and two indoor jacuzzis. It features beautiful sea views, top quality

Gym, sauna, jacuzzi, heated pool, Turkish bath

fittings and a high tech domotic system.

Landscaped grounds and gardens

Approximately 340m² built.

Ref: DM4149

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ASKING PRICE: 3,300,000€

Marbella

Bahía de Banús SPACIOUS BEACHSIDE PENTHOUSE

ACCOMMODATION INCLUDES:

Stunning spacious duplex penthouse occupying the entire upper floor,

3 bedrooms

with private pool and gazebo on the terrace. Located in a gated and

3 bathrooms

24-hour secure development with exotic tropical gardens, gymnasium,

Communal tropical beachfront gardens

sauna and two communal swimming pools, this stylish apartment is

Gymnasium and 2 pools

conveniently situated at approximately 100 metres from the beach

Pool, garden and sea views

and two kilometres from Puerto Banús and San Pedro de Alcántara.

Parking for 2 cars and storage

New fully fitted kitchen with a large island, French windows leading out to a sunny semi covered terrace with private pool and gazebo.

Approximately 388m² built.

Ref: DM4436

ASKING PRICE: 1,890,000€

75

Marbella

Jardines de las Fuentes BEACHSIDE TRIPLEX APARTMENT This totally reformed property in Jardines de las Fuentes comprises three joined units to make a generously sized home. Located between San Pedro de Alcántara and Puerto Banús close to the 5-star Guadalpín Banús it is only 50 metres from the beach.

Approximately 274m² built.

ACCOMMODATION INCLUDES: 3 bedrooms 3 bathrooms Second line beach Communal gardens and swimming pools Air conditioning and marble flooring Community parking

ASKING PRICE: 1,390,000€ Ref: DM4444

Lorea Playa SECOND LINE BEACH This charming semi-detached villa is located in Lorea Playa, an exclusive community of only 38 luxury beachside homes. Enjoying a private garden with pool, it faces south for maximum sunshine. Featuring two living areas, there is also a roof terrace with BBQ and sea views.

Approximately 346m² built on a plot of 450m².

ACCOMMODATION INCLUDES: 6 bedrooms 4 bathrooms Fitted kitchen, totally equipped Private swimming pool and garden Garden and sea views Carport for one car

ASKING PRICE: 1,225,000€ Ref: DM1489-173 76

Marbella

Monte Paraíso ELEGANT COUNTRYCLUB VILLA Charming family villa with sea views situated beneath the Sierra Blanca hills, very close to golf courses and the centre of Marbella with a wide range of services. The home is surrounded by luxurious apartments with green areas, including paddle and tennis courts, three swimming pools and a social club.

Approximately 590m² built on a plot of 1,187m².

ACCOMMODATION INCLUDES: 4 bedrooms 4 bathrooms Gated community with 24/7 security 2kms from Marbella centre Sea views from upper floor and ground floor terrace 4 car garage

ASKING PRICE: 2,300,000€ Ref: DM3968

Monte Paraíso IMPRESSIVE SEA VIEW APARTMENT This luxurious and very spacious south facing four-bedroom property is the result of the union of two double apartments with sea and mountain views. It is situated in a charming setting beneath the Sierra Blanca hills by the golf course entrance, and very close to Marbella centre.

Approximately 468m² built.

ACCOMMODATION INCLUDES: 4 bedrooms 4 bathrooms Gated community with 24/7 security 2kms from Marbella centre Fantastic sea, pool and mountain views 4 car garage and 2 storerooms ASKING PRICE: 2,050,000€ Ref: DM4245 77

Marbella

BETWEEN

MOUNTAIN and

SEA

From its position within the prestigious Marbella Hill Club, this beautifully styled villa is rather spectacularly framed

by Marbella’s iconic La Concha Mountain.

By Michel Cruz/ Photography by Charly Simon

T

his is the view that greets one as you approach the property, but once you’ve turned into the automatic gate and driven through a beautiful arbour of trees that line the driveway to the garages and carports, the focus is back across an entire expanse

of coastal plain all the way down to the sea.

Indeed, step from the atmospheric forecourt into the tall, elegant

entrance and the views already come into focus. In classic architectural style, the eye is trained along the stylish living room and terrace, across the impeccable lawn and between two strategically placed trees towards the sea.

“The positioning of the trees helps to define the perspective,” says the owner, for whom creating this fine villa has clearly been a labour of love.

A long-time visitor to Marbella, he decided to buy a plot of land and build a villa to his own specifications. “We bought the land from Diana Morales Properties and from this began a very pleasant personal contact through which she also recommended the architect and landscaper who helped us to create this home.”

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Marbella

Timeless quality With the family’s input, Juan Salvador Shvartzberg designed a home with a timeless sense of styling and classic proportions that mark a truly skilled architect.

“We wanted a home suited to the outdoor Marbella lifestyle,” says the owner, “but coming from Northern Europe we also wanted a level of home comforts that were not yet common here when we built the villa twelve years ago.”

These include under floor heating placed not under marble or terracotta tiles, but solid wooden floorboards. At the time they were hard to come by in Spain, so were brought in from the forests of Belgium. Tall ceilings add to the sense of space and refinement created in the elegant living room, which finds itself flanked by a formal dining room and a cosy family room with modern audiovisual equipment.

Just beyond here is a lovely country kitchen that reflects the Provençal touches enhanced by greygreen shutters and chic interior tones.

Also on the ground floor are four private bedroom suites complete with large, luxurious bathrooms and ample dressing areas. Each also enjoys private access to the garden and pool area, while the three suites on the first floor – including the impressive master suite with walk-in dressing room and marble his-and-her bathrooms – connect with a panoramic terrace from which the views across mountain ranges, valleys, golf

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“WE WANTED a home suited to the OUTDOOR MARBELLA style”

courses and the shoreline all the way to Gibraltar and Morocco are breathtaking.

In Marbella, such interior style and luxury is always mirrored by equally appealing outdoor settings, where one can enjoy the climate and lifestyle to the full. For this reason even the games room and guest suite on the lower level follow the natural gradient and offer direct access to the garden, most of which occupies level land within beautifully landscaped gardens in the formal style.

“Isabel Pallares, who was also recommended by Diana Morales, has created a beautiful setting that works well with the level plot and complements the large terraces, the swimming pool with its outdoor bar area, and of course the imposing views.” From this private domain one can follow a pathway to

ACCOMMODATION INCLUDES:

the natural vegetation that forms the perimeter

6 bedrooms

of the villa and even includes a charming organic

6 bathrooms

vegetable garden that produces a ready supply of

1,278m² built

fruit and vegetables.

4,795m² plot

Ref: DM2096 ASKING PRICE: 4,500,000€

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Marbella

Marbella Hill Club IMPOSING HILLTOP MANSION

ACCOMMODATION INCLUDES:

This impressive mansion is situated within a prestigious sought-after

4 bedrooms

community at the foothills of the Marbella mountains. A spectacular

5 bathrooms

home with panoramic sea views over the Mediterranean coast,

Wine cellar

Gibraltar and Africa it features a beautiful driveway with landscaped

Heated swimming pool

roundabout and a refreshing cascade. The house is accessed through

Sauna and gymnasium

an Andalusian courtyard with small fountains on both sides of the

5 car garage

entrance door.

Approximately 1,222m² on a plot of 3,131m².

Ref: DM3877

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ASKING PRICE: 6,900,000€

Marbella

Marbella Hill Club EXCLUSIVE HILLSIDE LOCATION

ACCOMMODATION INCLUDES:

Elegant villa, recently refurbished to include modern features within a

7 bedrooms

contemporary Andalusian setting, located in the sought-after residential

7 bathrooms

estate of Marbella Hill Club on the Golden Mile, at approximately two

Outdoor parking

kilometres from Marbella centre and Puerto Banús. An impressive

Gated community

driveway welcomes you to this beautiful property, boasting an entrance

Sea views from the upper level

hall with double height ceilings which leads out to a sitting room with

Beautiful mature gardens

a double-sided fireplace. Possibility for further extension.

Approximately 605m² built on a plot of 4,950m².

Ref: DM4114

ASKING PRICE: 4,450,000€

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Marbella

Marbella Hill Club ELEGANT RESIDENCE WITH VIEWS

ACCOMMODATION INCLUDES:

This imposing residence is located within a sought-after residential

5 bedrooms

area in the foothills of Marbella’s La Concha Mountain. The property

5 bathrooms

features a beautiful entrance driveway with landscaped roundabout with

Underfloor heating

cascade, while a lovely Andalusian courtyard with fountains leads to

Heated swimming pool

the main entrance of the villa. Built to very high standards, the property

Sauna

enjoys spacious and bright living areas.

5 car garage

Approximately 1,200m² built on a plot of 3,131m².

Ref: DM4072

84

ASKING PRICE: 5,800,000€

Marbella

La Quinta de Sierra Blanca EXCEPTIONAL CONTEMPORARY VILLA

ACCOMMODATION INCLUDES:

Spacious and contemporary villa, designed by a well known local

9 bedrooms

architect, located in one of Marbella´s few gated and secure small

9 bathrooms

residential villa areas. Set within total privacy, the property enjoys very

Home automation system

close proximity to Marbella´s town centre and beaches. A stylish upper

Heated swimming pool

floor is entirely occupied by the master bedroom suite with gabled

Wine cellar and cinema room

ceilings and private jacuzzi.

Spa and gymnasium

Approximately 2,438m² built on a plot of 10,434m².

Ref: DM4038

ASKING PRICE: 23,300,000€

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Marbella

Sierra Blanca NEW CONTEMPORARY VILLA

ACCOMMODATION INCLUDES:

This spectacular brand-new villa is located in one of the most sought-after

6 bedrooms

residential areas of Marbella, at approximately three kilometres from the

6 bathrooms

centre of town. Built over two levels plus a basement, the mansion enjoys

Rooftop swimming pool

beautiful views from all floors and features an openplan layout. The home

Heated pool and jacuzzi

is surrounded by tropical landscaped gardens with a heated pool, jacuzzi

Separate staff/guest apartment

and sunken poolside dining area. Sierra Blanca is only a few minutes from

4 car garage

the beaches of the Golden Mile and enjoys 24-hour security.

Approximately 1,265m² built on a plot of 2,697m².

Ref: DM4466

86

ASKING PRICE: 12,500,000€

Marbella

Marbella Hill Club CHARMING MARBELLA VILLA

ACCOMMODATION INCLUDES:

A true jewel of traditional architecture this home enjoys an elevated

6 bedrooms

position between Marbella town and Puerto Banús, with beautiful mature

6 bathrooms

gardens and fantastic sea and mountain views. This elegant home is

Beautiful mature gardens

south-facing with generous accommodation and lots of natural light. Its

Large driveway to house

impeccable construction qualities and lovely features include high vaulted

Sea and mountain views

ceilings and wooden beams.

2 car garage

Approximately 367m² built on a plot of 4,979m².

Ref: DM4218

ASKING PRICE: 3,700,000€

87

Marbella

Golden Mile FRONTLINE BEACH MANSION

ACCOMMODATION INCLUDES:

Classical style frontline beach mansion located on Marbella’s Golden Mile,

12 bedrooms

this imposing property features four independent buildings: the main villa,

10 bathrooms

a guest house, a staff house and a beach house with its own swimming

Panoramic sea and mountain views

pool, and direct access to the promenade and beach. This unique property

4 independent houses

features a state-of-the-art security system, heated swimming pool,

Fully equipped spa and gym

integrated music system, intelligent lighting and a lift to all levels. The

8 car underground garage

basement includes a sizeable entertainment area, wine cellars, home cinema, gymnasium, spa, jacuzzi, hydrotherapy bath and a relaxation room.

Approximately 3,787m² built on a plot of 8,000m².

Ref: DM3763

88

ASKING PRICE: 55,000,000€

Marbella

89

Marbella

Sierra Blanca ANDALUSIAN CHARM

ACCOMMODATION INCLUDES:

This traditional style villa built on a sizeable plot of around 3,000m² is

6 bedrooms

situated on Marbella’s Golden Mile next to the sought-after and secure

6 bathrooms

residential area of Sierra Blanca with surveillance service and guards.

Panic room and lift to all floors

The villa enjoys beautiful sea views and is built with very high-quality

Staff quarters and separate guest apartment

materials. It is surrounded by impeccable landscaped gardens including

Excellent location with sea views

an outdoor pool and gazebo with BBQ. Separately standing is a guest

2 car garage

apartment and security house with one bedroom and bathroom.

Approximately 580m² built on a plot of 3,104m².

Ref: DM4011

90

ASKING PRICE: 3,950,000€

Marbella

Sierra Blanca SUPERB ANDALUSIAN VILLA

ACCOMMODATION INCLUDES:

Built in a traditional Andalusian style and decorated with wood, brick

7 bedrooms

and natural stone, the villa is situated within one of the most sought-after

6 bathrooms

address of Marbella - characterised by imposing villas and mansions

Gym, sauna and hydro-massage shower

set on large private domains that populate the gentle but steady gradient

Jacuzzi in one of the bedrooms

on the lower foothills of La Concha. The property is built over three

Games room with billiard table

levels, has spectacular sea views and offers richly decorated interiors

4 car garage and parking for 6 more

with a large entertainment area in the basement.

Approximately 649m² built on a plot of 2,172m².

Ref: DM4403

ASKING PRICE: 4,900,000€

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Marbella

Cascada de Camoján OUSTANDING PRIME ADDRESS

ACCOMMODATION INCLUDES:

This unique residence is set within one of the most prestigious

7 bedrooms

residential areas in Marbella, surrounded by nature and just a few

10 bathrooms

minutes’ drive to the beach and the centre of town with all services

Fully equipped gym, Turkish bath and sauna

and amenities. The villa enjoys impressive panoramic views of

Thatched pool pavilion with kitchenette and BBQ

the sea and mountain. Built to the finest standards and recently

South facing, sea and mountain views

refurbished to incorporate further features for enhanced quality of life,

2 car garage and carport for 2 cars

the home provides spacious accommodation for family living and entertaining, indoors and outdoors.

Approximately 1,313m² built on a plot of 4,000m².

Ref: DM4318

92

ASKING PRICE: 6,500,000€

Marbella

Cascada de Camoján ULTIMATE LUXURY LIVING

ACCOMMODATION INCLUDES:

This masterfully designed villa is set apart by its unique modern

8 bedrooms

architecture and breathtaking Mediterranean Sea views. Conceived to

7 bathrooms

enjoy leisure time and entertainment, taking full advantage of its

Gym, hammam and wellness area

privileged Marbella location, it is a bespoke jewel that offers many unique

2 bed independent guest apartment

features, such as an impressive entrance hall with a one-of-a-kind

Lamborghini and Fendi furniture

Swarovski chandelier, panoramic workout area, state-of-the art kitchen,

2 pool houses and lift to all floors

indoor and outdoor lounge and expansive terraces that lead onto two heated infinity swimming pools.

Approximately 1,844m² built on a plot of 2,169m².

Ref: DM3365

ASKING PRICE: 5,900,000€

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Marbella

Imara EXCLUSIVE DUPLEX PENTHOUSE

ACCOMMODATION INCLUDES:

Contemporary duplex penthouse located in one of the most demanded

3 bedrooms

and stylish complexes just above Marbella town centre. Offering 24-hour

3 bathrooms

security, three communal swimming pools and immaculate landscaped

Sold fully furnished

gardens. Situated at approximately three kilometres from the centre

Fully fitted open plan kitchen

of Marbella, the beach and all types of amenities, the property enjoys

Recreational area with direct access to swimming pool

bright and spacious living areas including a large wrap-around south

2 parking spaces and large storage

west facing terrace.

Approximately 591m² built.

Ref: DM4188

94

ASKING PRICE: 2,300,000â‚Ź

Marbella

Sierra Blanca CENTRAL MODERN VILLA

ACCOMMODATION INCLUDES:

Contemporary and luminous property with modern design, high ceilings

5 bedrooms

and light neutral decoration, located in a very prestigious residential

5 bathrooms

area with 24hr-security. A spacious living room with dining area is

Room for cinema or gym

connected to the open plan fully fitted SieMatic kitchen with Neff electric

One of Marbella’s most prestigious areas

appliances. Large terraces with sea views, a garage for four cars and

Mountain, sea and garden views

the possibility to turn two rooms into a gym or cinema room.

Spacious 4 car garage

Approximately 820m² built on a plot of 1,470m².

Ref: DM3125-02

ASKING PRICE: 4,300,000€

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Marbella

Cascada de Camoján CHARMING PRIVATE VILLA Nestled amid a tranquil expanse of greenery in a small, discreet and very exclusive Cascada de Camoján area, this charming and cosy house enjoys sea views from the upper floor as well as seclusion and privacy paired with easy access to Puerto Banús, Marbella town and a selection of golf courses on its doorstep.

Approximately 576m² built on a plot of 2,200m².

ACCOMMODATION INCLUDES: 5 bedrooms 5 bathrooms Separate staff quarters Close to golf courses and Puerto Banús South-east facing with sea views Sizeable driveway and carport for 3 cars ASKING PRICE: 1,900,000€ Ref: DM3629-07

Altos Reales MEDITERRANEAN STYLE VILLA Stylish house located in a gated community of villas at literally a two-minute drive from the centre of Marbella and its beaches, while Puerto Banús is only a ten-minute drive away.

The property features 24-hour security and faces south-west to enjoy the afternoon sun.

Approximately 350m² built on a plot of 857m².

ACCOMMODATION INCLUDES: 3 bedrooms 3 bathrooms South-west orientation Large solarium with built in BBQ area Sea and mountain views Mature landscaped garden

ASKING PRICE: 1,850,000€ Ref: DM4445 96

Marbella

Altos Reales GREAT FAMILY HOME

ACCOMMODATION INCLUDES:

Located a little above the Golden Mile, which connects Marbella and

4 bedrooms

Puerto Banús with such panache, Altos Reales – literally ‘Royal Heights’ –

4 bathrooms

as it is also known is a secluded and exclusive residential area enveloped

Private gated community with 24/7 security

in privacy and greenery. From within this pine-covered enclave

Private pool and garden

homeowners look out over the Golden Mile to the Mediterranean Sea,

Enjoying sea, garden and pool views

just minutes removed from golf courses, shops, beach clubs, marinas,

2 car garage

restaurants, nightlife and the centre of Marbella.

Approximately 554m² built on a plot of 1,300m².

Ref: DM4213

ASKING PRICE: 3,200,000€

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Marbella

Altos Reales TRADITIONAL STYLED VILLA

ACCOMMODATION INCLUDES:

This traditional style villa in Altos Reales is set midway between

5 bedrooms

Marbella town and the base of its imposing La Concha Mountain. Altos

4 bathrooms

Reales is a residential area that offers the best of both worlds – close to

Gated community with guarded entrance

shops, restaurants, beaches and beautiful mountain scenery. A very

Separate staff quarters

private and tranquil urbanisation, Altos Reales is a zone of peaceful leafy

South facing with sea, garden and pool views

streets lined with luxurious villas on generous sized grounds.

4 car garage

Approximately 591m² built on a plot of 908m².

Ref: DM4393

98

ASKING PRICE: 3,500,000€

Marbella

Marina de Puente Romano BEACHSIDE DUPLEX PENTHOUSE

ACCOMMODATION INCLUDES:

Well positioned within the exclusive beachfront development of

3 bedrooms

Marina Puente Romano on Marbella’s Golden Mile, this elegant duplex

3 bathrooms

penthouse is surrounded by well-maintained gardens, pools and

Beachside complex

enjoys 24-hour security. This recently partially refurbished property

Proximity to Puerto Banús

is located right by the Puente Romano Beach Resort and 50 metres

Sea, garden and pool views

from the beach. Puerto Banús and Marbella are 2km away.

2 garage spaces and storage

Approximately 325m² built.

Ref: DM4220

ASKING PRICE: 3,650,000€

99

Marbella

Las Lomas del Marbella Club LUXURY GATED VILLAS

ACCOMMODATION INCLUDES:

This luxurious urbanisation of eight villas is situated in one of the

4 bedrooms

finest locations to be found in Marbella. Surrounded by greenery at

4 bathrooms

approximately a kilometre from the beach and beach promenade, two

Gated community 24/7 security

kilometres from Puerto Banús and Marbella, they are within easy reach

Private pool and garden

of all sorts of facilities and services. The complex has 24-hour security,

Sea views

tropical gardens and dramatic sea views. The villas feature modern

Private garage

contemporary styling, open concept design, comfortable layout and the best in materials and high technology.

Built from 577 to 713m². Plots from 867 to 1,233m².

Ref: DMD1366

100

ASKING PRICE: From 3,200,000€ to 3,800,000€

Marbella

Altos de Puente Romano MODERN DESIGN VILLA

ACCOMMODATION INCLUDES:

This modern design villa is set in a tranquil development with 24-hour

5 bedrooms

security at approximately 5.5 kilometres to the centre of Marbella

5 bathrooms

and 4.5 kilometres to Puerto Banús. This exceptionally picturesque

Heated pool with saline chlorination

home features a rooftop solarium fitted with a jacuzzi and fridge and

Rooftop jacuzzi

other features include video intercom, home automation system

Mountain and sea views

and irrigation.

3 car garage

Approximately 615m² built on a plot of 1,189m².

Ref: DM4443

ASKING PRICE: 3,600,000€

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Marbella

La Trinidad STYLISH CENTRAL PENTHOUSE

ACCOMMODATION INCLUDES:

A beautiful south-east facing duplex penthouse located within a gated

3 bedrooms

community with 24-hour security on the Golden Mile. At a three-minute

3 bathrooms

drive from Puerto Banús and five minutes from Marbella town centre,

Gated community with 24/7 security

the property benefits from extensive communal gardens and great

Extensive communal gardens

views of the sea, mountain and lush gardens.

South-East facing with sea views

Approximately 231m² built.

1 car underground parking space

Ref: DM4389

102

ASKING PRICE: 1,900,000€

Marbella

Río Real Golf LOVELY GOLF TOWNHOUSE This lovely and private townhouse situated within a gated community in the Eastern part of Marbella offers fantastic views to the sea and communal areas. It is approximately five kilometres from Marbella and two kilometres from the beach. The upper level features a spacious master bedroom suite with two panoramic terraces facing south and south west. Approximately 189m² built.

ACCOMMODATION INCLUDES: 4 bedrooms 3 bathrooms Walking distance to golf Garden and pool views Sea views from upper level Large carport

ASKING PRICE: 550,000€ Ref: DM2328

La Reserva de Los Monteros IMPECCABLE APARTMENT Impeccable first floor apartment situated in a gated first-line beach complex with 24-hour security service, next to Río Real golf course. Facing south-west the property includes a fully fitted eat-in kitchen with adjoining utility room, breakfast corner and a spacious lounge/dining room warmed by a fireplace and with direct exit to the terrace with sea views. Approximately 179m² built.

ACCOMMODATION INCLUDES: 2 bedrooms 2 bathrooms 25 metres to the beach Sea and pool views Next to golf course 2 garage spaces

ASKING PRICE: 900,000€ Ref: DM4221-01 103

Marbella

Hacienda Las Chapas MODERN FAMILY HOME

ACCOMMODATION INCLUDES:

Beautifully presented villa with panoramic sea views set on a double

5 bedrooms

plot with two independent entrances from opposite streets. At

5 bathrooms

approximately 12 kilometres from Marbella and 2.2 kilometres from the

Panoramic sea views

beach, Hacienda Las Chapas is a small but distinctive area, with a gentle

Extensive private plot

microclimate, softly rounded hills covered in pretty groves of umbrella

Heated swimming pool with cover

pine and sandy beaches. The house welcomes you with a cosy entrance

Garage and carport

hall and double stairs to the upper floor and to the ground level with a main reception area with glass ceiling.

Approximately 737m² built on a plot of 3,300m².

Ref: DM4205-01

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ASKING PRICE: 4,900,000€

Marbella

Bahía de Marbella DELIGHTFUL FAMILY VILLA

ACCOMMODATION INCLUDES:

Gorgeous villa designed by renowned architect Melvin Villaroel and

5 bedrooms

recently refurbished adding modern facilities and contemporary

4 bathrooms

materials. Situated in a beachside urbanisation 5,4 kilometres from

100 metres from the beach

the centre of Marbella and 100 metres from the beach. Its delightfully

Heated pool with salt chlorination

furnished interiors include an entrance hall, fully fitted kitchen with

Staff/guest quarters

Gaggenau appliances, dining area, spacious lounge with wood burning

Garage and carport for 2 cars

fireplace and covered terraces with pool views. There is a separate wing with a private entrance and three bedroom suites with lounge.

Approximately 494m² built on a plot of 1,539m².

Ref: DM3845-04

ASKING PRICE: 3,590,000€

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Marbella

Bahía de Marbella BEAUTIFUL FAMILY VILLA

ACCOMMODATION INCLUDES:

This is a beautiful family villa in an elegant and quiet area of Marbella,

7 bedrooms

at approximately 50 metres away from the beach and approximately

6 bathrooms

two kilometres from Marbella town centre. Built according to the highest

Only 50 metres to the beach

standards of quality and delightfully decorated, the house consists of

Heated swimming pool

seven bedrooms and six bathrooms and due to its distribution and

Two car garage

spacious living areas the wooden ceilings give it a feeling of unsurpassed

Surveillance cameras

warmth and light. This is an elegant property in a perfect location.

Approximately 769m² built on a plot of 1,639m².

Ref: DM4303

106

ASKING PRICE: 3,500,000€

Marbella

Elviria MEDITERRANEAN HILLTOP ESTATE

ACCOMMODATION INCLUDES:

This spectacular property is situated at 400 metres above sea level

8 bedrooms

and surrounded by an abundance of centuries old cork, stone oak trees

7 bathrooms

and pine trees. An impressive concrete driveway (150 metres) leads firstly

Pavilion with heated pool

to a covered porch at the main entrance and from there on to the garage

Private forested parkland

patio. In front of the house there is a grand fountain and throughout the

Master bedroom occupies upper floor

property there are some 14 ponds of varying sizes. The property enjoys a

Separate staff quarters

home cinema, gasoil fired central heating throughout, under floor heating in living room and bathrooms and five water wells.

Approximately 1,253m² built on a plot of 50,000m².

Ref: DM1440

ASKING PRICE: 3,800,000€

107

Casares

Finca Cortesín CHARMING GOLFSIDE RETREAT

ACCOMMODATION INCLUDES:

Perfectly positioned within the exclusive Finca Cortesín resort, this charming

4 bedrooms

frontline home is a one-of-a-kind. Set within a small villa community within the

4 bathrooms

resort, the house is an oasis of privacy boasting magnificent views over the golf

Frontline golf Andalusian style villa

course and the Mediterranean coast. Distributed around a central patio adorned

Within the unique Finca Cortesín resort

by a fountain and climbing bougainvillaea, it provides spacious accommodation

Golf and sea views

on two floors. The verdant manicured garden features a swimming pool with

Exclusive facilities close by

sun deck designed for relaxed lounging, a private entrance courtyard with cobblestone pavement, which provides spacious additional parking.

Approximately 767m² built on a plot of 1,904m².

Ref: DM4329

108

ASKING PRICE: 3,900,000€

Casares

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Inland

Coín CHARMING COUNTRY HOME

ACCOMMODATION INCLUDES:

This charming Andalusian finca is a peaceful and verdant retreat close to

8 bedrooms

the villages of Coín and Alhaurín el Grande near Málaga, approximately

6 bathrooms

30-minutes drive from Marbella, Puerto Banús and Málaga’s international

Very private

airport. The estate includes a main home, guest house and a staff area, in

Main, guest and staff houses

the midst of an extensive plot of land that guarantees privacy and tranquillity

Open country and mountain views

with far reaching views over open countryside including the Alhaurín castle

Garage and 4 car carport

and the Sierra Nevada ski resort in the distance on a clear day.

Approximately 719m² built on a plot of 95,151m².

Ref: DM4337

110

ASKING PRICE: 1,490,000€

Inland

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International

OUR GLOBAL FOOTPRINT Independent, international, commercial, residential.

Locally expert, globally connected.

GLOBAL SERVICES RESIDENTIAL Prime Sales

Our prime sales network is involved with the most prestigious residential properties around the world through our ability to identify unique investment opportunities and unrivalled access to HNWIs.

Project Marketing and International Project Marketing We provide developers of mid-to high-end projects with research, consultancy, marketing and sales.

OCCUPIER SERVICES & COMMERCIAL AGENCY Expert advice to tenants and landlords across the global office market in prime business districts.

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A full suite of portfolio management, consulting and transactional services to multi market corporate occupiers, globally.

CAPITAL MARKETS Our Global Capital Markets Group acts on the most high profile property transactions around the world, covering the office, residential, retail, industrial, leisure and hotel sectors, student property and healthcare.

VALUATION & ADVISORY Our Knight Frank Valuation experts provide single and portfolio valuations, market appraisal and consultancy services across both the commercial and residential sectors.

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At a glance: GLOBAL WEALTH TRENDS

The Wealth Report in numbers

22% The rise in UHNWIs* globally in the next five years 20M

The number of people globally in 2019 that have US$1 million or more in net assets

30%

The percentage of global HNWIs* located in Europe in 2019

1.9% Average rise in prime prices in Europe in 2018

36%

The percentage of UHNWIs* that hold a second passport

Key findings Wealth trends: Asia’s strong economic

Eurovision: European cities are still

a growing presence from Chinese buyers,

performing strongly in our Prime

these markets offer healthy tenant demand,

International Residential Index (PIRI),

relative good value and an attractive

performance (it hosts eight of the top ten

which tracks the movement in luxury

lifestyle.

countries with the fastest growing UHNWI

residential prices across 100 of the world’s

populations) means 2019 will be the year the

most desirable cities and second home

number of US$ millionaires globally exceeds

hotspots. Edinburgh, Berlin, Munich and

Brexit, Brexit-lite: whatever the outcome,

20 million for the first time. India will lead

Madrid all made the top ten rankings in 2018,

London will remain the leading global

five-year growth with 39%, followed by the

each registering annual growth above 8%.

wealth centre in 2019. With the world’s

Philippines (38%) and China (35%).

Luxury prices in Marbella ended last year

largest UHNWI population, the city sweeps

3% higher.

the board in our annual City Wealth Index,

Weaker growth: Expect slower price growth in key luxury residential markets,

pushing its only serious rival, New York, Future-gazing: Madrid, Berlin, Paris

with more markets seeing values fall this year.

and Cape Town lead our prime price forecast

As values adjust, buyers will feel the balance

for 2019. Increasingly popular investment

of power shift in their favour.

hubs for European and global investors, with

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Hard Brexit, no

into second place.

International

Push & Pull:

Taxing issues:

What I haven’t mentioned… but also inside: Globally mobile:

Time for Plan B:

Ones to watch:

Life post-QE:

Objects of desire: Next neighbourhoods:

Departure board:

We’d love to share our insights with you, for your copy of The Wealth Report please contact DM Properties.

*

*Definitions UHNWI: Ultra-high-net-worth individual – someone with a net worth of over US$30 million excluding their primary residence.

HNWI: High-net-worth individual – someone with a net worth of over US$1 million excluding their primary residence.

PRIME PROPERTY: The most desirable and most expensive property in a given location, generally defined as the top 5% of each market by value. Prime markets often have a significant international bias in terms of buyer profile.

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International

How are Europe’s

PRIME RESIDENTIAL MARKETS performing?

PIRI 100:

A European view

By Kate Everett-Allen

Each December, I reach out to our network

The chart below confirms the results for

but we need to look behind the headline

of global research teams to start collating

Europe’s prime residential markets in 2018.

figures to understand the variation in price

the Prime International Residential Index

Key European cities have performed strongly

performance. The top performing cities

(PIRI 100) which features in The Wealth

– Edinburgh (10.6%), Berlin (10.5%),

share a number of factors, despite slower

Report. The index is unique in benchmarking

Munich (10%) and Madrid (8.1%) amongst

economic growth across the Eurozone, they

the movement of luxury property prices

them. Second home markets in rural and

are witnessing strong rental demand, limited

across 100 of the world’s global cities, second

coastal locations continue to gain traction

supply and, in most cases, a prerequisite to

home destinations and ski resorts. It’s a labour

(Algarve 6%, Cap Ferrat 4%, Marbella 3%)

residential growth has been an upturn in

of love and one that never fails to reveal new

whilst some of the region’s key gateway cities

their local commercial real estate sectors.

trends and nuances in relation to the

such as London (-4.4%), Dublin (-2.8%) and

For the region’s second home destinations,

performance of luxury residential market

Geneva (-2%) saw prime prices drift lower.

the journey back from the 2008 precipice

worldwide.

Europe’s performance may seem patchy

has been a long one and a number are at

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International

very different stages of their property market

In Dublin, a rise in supply, Brexit uncertainty

cycle with Lisbon and the Algarve around

and tighter lending rules explain the dip.

two years’ behind that of Spain’s top

For Geneva, a strong franc and a delay to

destinations. Not only has excess supply

the anticipated corporation tax led to

largely been reabsorbed, but low mortgage

weaker demand.Headwinds will persist

Lifestyle gain

rates and a more diverse buyer profile has

in 2019 but for the 3.8 million new

Rental investment

given several key markets a firmer footing.

millionaires that are forecast to be created

Ski markets are seeing renewed interest

globally over the next five years, Europe’s

Long-term semi/permanent

with the French Alps outperforming their

appeal as a second home destination is

Swiss neighbours, primarily due to lower

unlikely to be weakened.

entry level pricing and better year-round

market since the referendum in 2016, but, there is growing evidence of pent-up demand as buyer registrations build.

retirement base Exposure to different currency Education – proximity to children’s

rental provision. For London, the impact of Brexit has been largely priced into the

Key reasons for buying a second home

school/university To see where Europe’s residential markets sit in a global context request your copy of The Wealth Report 2019 via DM Properties.

Europe still No.1 A lifestyle purchase, most second homes are acquired not due to their potential return, but out of a desire to enjoy a new culture, better climate and to spend more time with family and friends.

Tax advantage Expand portfolio / minimise risk

Future trends to monitor Potential EU clampdown on Golden Visas Detachment of ultra-prime market

Europe continues to be the world’s number one destination for holiday homes. An

Greater synchronicity between

established market - much of which developed in the 1960’s or earlier in the case of the

the property markets of major world

Cote d’Azur – it has the social infrastructure - restaurants, leisure amenities and cultural venues - to provide a home from home for the wealthy.

This evolution, along with its climate and accessibility has cemented Europe’s premier

cities Currency matters: US buyers increased purchasing power

status as a second home destination. Although growing, Asia’s second home market

Investors look to alternative markets

remains embryonic by comparison and the only other pretender to the throne - the

for higher returns – student, logistics,

US - despite its expanse cannot offer the mix of language, cultures and history that

retirement

Europe offers.

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GERMANY PLAYS CATCH-UP Over the past years German property has experienced increasing interest from international investors all over the world.

Actually, the German market is being referred to as the ‘safe haven’ of Europe.

By Sven Henkes, Ziegert Immobilien/Knight Frank

principal financial centre. Its thriving market offers a wealth of opportunities thanks to the exciting combination of local bedrock and international growth options. Investors

locations are still available.

have a stake in a growing

Berlin’s appeal for global

selection of very attractive

buyers as capital investment

investment opportunities.

or for their own use continues

The upcoming development

unabated, precisely because

FOUR, located in Frankfurt’s

the capital’s prime locations

CBD, is just one example of

still cost a third of the price

the early signs of innovation

of an equivalent property in

prevalent in Germany. It

London. The key to success

is going to remould the

now is to link up the demand

skyline by adding four new

for housing, to focus on

skyscrapers.

customer requirements and

T

of Frankfurt, the Eurozone’s

In short, it’s impossible

understand local conditions—

not to be struck by the huge

Berlin has no time to lose. Its

potential for good quality, and

appeal and spirit of innovation

as Germany’s cities begin to

are drawing huge numbers of

play catch-up with the rest of

people to the metropolitan

the world and the demand for

he Berlin boom for example continues:

area and a response is

investment continues, this is

by international standards the capital is

needed since the number of

an area primed for growth.

secure and remains affordable with an

apartment completions falls

Germany’s real estate market

below the required 20,000

is without a doubt one to

2018. Residential high-rises are shooting up into the sky,

p.a. year after year. The global

watch over the coming years.

visionary neighbourhood projects engaging with questions

city of Berlin has arrived, in

of future urban living, new developments fulfil client

both an economic, cultural

requirements that were completely unthinkable in Berlin

and political sense.

average achieved price of 3,997€/m

2

in

some years ago. Berlin just keeps on growing and has

But Germany has much

developed into the creative hub of Europe. Start-ups and

more to offer than just

companies from around the world like Google, Samsung,

its capital. Recently we

Pfizer and Siemens are being drawn to the capital for its

consolidated our partnership

vast reserves of talent. Recruitment costs are on average

with Knight Frank and

40 percent lower than in other German cities. The massive

have now joined forces in a

growth in population (since 2011 Berlin grew by almost

cooperative venture wholly

300,000 people), the economic upturn (in the past five

unique to this country. It’s

years Berlin’s GDP growth outperformed the national

taking place in Frankfurt, and

average) and the peak in employment levels have over

in the approach to Brexit,

the last ten years caused justified interest from foreign

experts expect up to 5,000

buyers. New prime locations will take shape, as along

new jobs to relocate to the

Mediaspree and apartments with a view of the water that

city. The focus of interest

cannot be obstructed are some of the most sought-after

is also beginning to expand

in Berlin. There’s hardly any other major city where these

out from Berlin to the likes 117

International

All images are non-binding visualisations

Germany, Berlin AM HOCHMEISTERPLATZ CONDOMINIUMS

ACCOMMODATION INCLUDES:

Located just 150 metres from the popular shopping boulevard of

Elegant, high-quality condominiums

Kurfürstendamm, the elegant design of this new building takes inspiration

1 - 9 bedrooms

from classical architecture and is a perfect fit for the well-heeled residential

Central location near Kurfürstendamm

area of Berlin’s most prestigious boulevard. Am Hochmeisterplatz,

Spacious inner courtyard with private gardens

where established values and cultured style combine to form the perfect

Underground parking

bastion of class and exclusivity. Each apartment has at least one loggia,

Estimated completion: Q3 2020

a balcony, or a terrace.

Approximately 58m² to 246m².

amhochmeisterplatz@ziegert-immobilien.de +49 30 880 353-0

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ASKING PRICE: From 498,000€

International

Germany, Kronberg im Taunus FUTURISTIC MANSION

ACCOMMODATION INCLUDES:

Embedded in the rolling foothills of the Taunus range, this manorial

Exceptional property in Kronberg in the Taunus foothills

ensemble is one of the most exclusive places of residence in Germany.

New mansion of 713m²

Located mere minutes from Frankfurt am Main, the futuristic estate

5 bedrooms

offers plenty of privacy and ample space for representation at the same

Uncompromising high-end interior fit-out

time. The historic building next door divides into five rental flats that

Underground car park of 18 spots

are let to good covenants. The mansion buildings are surrounded

Historic mansion with 5 flats

by private parklands whose stock of trees is more than a century old.

12,653m² park with old-growth stock of trees.

rene.detroy@ziegertknightfrank.com +49 69 55 66 33 12

ASKING PRICE: On Application

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International

Switzerland, Geneva LUXURIOUS LAKE VIEW PROPERTY

ACCOMMODATION INCLUDES:

This luxurious contemporary property in the commune of Anières was

550m² living space

built in 2011 on a plot of over 2,132m². The garden, terraces and outdoor

938m² built

pool are at its centre and the building’s fine longitudinal lines make it

12 rooms

appear like a bird in full flight. The home is spacious with its three levels

Independent studio

providing a generous usable surface area of over 930m². From the first

Garage for 4 cars

moment, you enter a world in which art features whichever way you

Indoor and outdoor swimming pools

look. The surfaces of the eastwards façade are in black striped granite reminiscent of the creations of French artist Pierre Soulages, a favourite of the current owners.

Alexandra.janet@naefprestige-knightfrank.ch +41 22 839 39 62

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ASKING PRICE: On Application

International

Switzerland, Wallis GRIMENTZ SKI CHALETS

ACCOMMODATION INCLUDES:

Perched above the old village with breathtaking mountain views and right

Ski-in-ski-out development

next to the ski slopes, this development features ski-in-ski-out access

Finished to the highest standards

and basks in sunshine all day long. All the chalets and the apartments are

Apartments of 2, 3 or 4 bedrooms

built to the highest specifications, with traditional old wood exteriors.

Penthouses available

A team of interior architects is available to help personalise each property.

Chalets from 4 to 5 bedrooms Some chalets boast swimming pool and relaxation areas

ac@naefprestige-knightfrank.ch +41 (0) 79 599 19 86

ASKING PRICE: From 849,000CHF

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International

Spain, Madrid FOUR SEASONS PRIVATE RESIDENCES

ACCOMMODATION INCLUDES:

Occupying the top four floors of the iconic Centro Canalejas Madrid and

Dedicated Director of Residences

offering unparalleled comfort and luxury, the Four Seasons Private Residences

Interior design by Luis Bustamante Studio

is a limited collection of 22 branded homes with outstanding views in the heart

24h concierge

of one of Europe’s most vibrant cities. Combining modern and elegant design

Spa, gymnasium and indoor pool

with luxurious finishes and unlimited access to the Four Seasons’ amenities

1 - 3 bedrooms

and tailor-made services, the Four Seasons Hotel and Private Residences is

170 – 700m²

set to become a new icon in Madrid’s historic centre. Completion is set for December 2019 along with the opening of the 204-key Four Seasons Hotel.

Alejandro.azero@es.knightfrank.es +34 600 919 045

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ASKING PRICE: On Application

International

Spain, Madrid MONTALBÁN 11

ACCOMMODATION INCLUDES:

Located on the doorstep of the Retiro Park and in the cultural heart of the

6 bedrooms

city, the historic building and integral refurbishment will bring an exclusive

8 bathrooms

level of living and outstanding facilities for residents. In this unique project,

Gym with aquatic spa

art and architecture are combined to perfection due to the collaboration

Turkish baths and swimming pool

with Carlos Cruz-Diez, one of the greatest modern and contemporary

4 parking spaces

artists. The triplex penthouse is the last apartment available in this stunning

750m² with 220m² of terrace

project. Set over three floors, the penthouse includes a large private roof terrace on the seventh floor, a private pool on the eighth floor and stunning views over the whole city. A world-class asset only for the most privileged.

Javier.velduque@es.knightfrank.com +34 600 919 095

ASKING PRICE: 14,600,000€

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International

Austria, Vienna LUXURIOUS CLASSICAL APARTMENTS Cotton Residence is a stylish and magnificent building dating from the turn of the century with excellent infrastructure that combines a classical design with modernity. It offers prestigious one to three bedroom apartments with balconies and terraces on all floors, generous ceiling heights up to approximately 2,8 metres and garages.

ACCOMMODATION INCLUDES: 2 rooms Combined kitchen living 1 bathroom - 1 toilet 2 terraces Living area: 92,62m² m.gruber@otto.at +43 1 512 77 77 – 343 ASKING PRICE: From 1,396,000€

Austria, Vienna EXCLUSIVE BELVEDERE PENTHOUSE The exquisite penthouse, planned with attention to detail, tasteful and family-friendly offers a total of approximately 300m² living space on two levels, as well as balconies and terraces on the living and sleeping level. Further features include a roof terrace with outdoor kitchen and fantastic views. Living area 300m².

ACCOMMODATION INCLUDES: 6 rooms 3 bathrooms 3 toilets 2 terraces 1 balcony 1 garage m.gruber@otto.at +43 1 512 77 77 – 343 ASKING PRICE: 3,870,000€ 124

International

Austria, Vienna TRADITIONAL ELEGANT VILLA The villa features beautiful main and side entrances and was built in 1898 in the style of an Italian palazzo. Surrounded by a garden designed in 1926 by the well-known landscape architect Albert Esch, the beautiful terrace with pergola and the spacious swimming pool provide the lovely garden with additional charm. Plot: 2,397m².

ACCOMMODATION INCLUDES: 13 rooms 3 bathrooms 7 toilets 1 terrace 2 garages Living area 778m² m.gruber@otto.at +43 1 512 77 77 – 343 ASKING PRICE: 8,500,000€

Austria, Vienna BEAUTIFUL GARDENED VILLA The villa was built around 1910 and is in very good condition after renovation in 2010/2011. It offers a garage, several terraces and a large, very well-kept garden. The house is divided into several, separately accessible housing units and is suitable both as a single or multiple family house, as well as for the combination work and living. Plot 1,208m².

ACCOMMODATION INCLUDES: 10 rooms 4 bathrooms 5 toilets 4 terraces Large garden Living area 600m² m.gruber@otto.at +43 1 512 77 77 – 343 ASKING PRICE: 2,690,000€ 125

International

USA, Aspen, Colorado MCLAIN FLATS Stunningly beautiful views from this custom home atop Starwood that overlooks the entire upper Aspen valley as well the Starwood ranch open space. Located very close to the gatehouse for quick access in and out of the best gated community in all of Colorado.

ACCOMMODATION INCLUDES: 4 bedrooms 3 bathrooms Indoor swimming pool Large gourmet kitchen Free standing fire pit Approximately 5,750 sq ft

jason.mansfield@knightfrank.com +44 20 7861 1199 ASKING PRICE: $4,950,000

USA, Los Angeles, California BEVERLY GROVE Located in LA’s hottest enclave, this entertainer’s paradise was built barring no expense. Positioned on a rare, oversized lot with huge backyard and private cabana. Bright living room flows seamlessly outside through Fleetwood glass walls where you can relax on the Pebble Tec balcony and enjoy the panoramic views.

ACCOMMODATION INCLUDES: 5 bedrooms 6 bathrooms Heated pool with low volt lighting Dual walk-in closets Approximately 4,605 sq ft

jason.mansfield@knightfrank.com +44 20 7861 1199 ASKING PRICE: $4,395,000 126

International

USA, Miami Beach, Florida MONAD TERRACE

ACCOMMODATION INCLUDES:

ASKING PRICE: From $1,800,000

USA, New Downtown, New York 125 GREENWICH STREET

ACCOMMODATION INCLUDES:

ASKING PRICE: From $975,000 127

International

France, Bonnieux FARMHOUSE IN LUBERON

ACCOMMODATION INCLUDES:

Charming 18th century farmhouse in Bonnieux, with approximately

6 bedrooms

2.5 hectares of land including a heated pool. This 410m² house

6 bathrooms

includes a large living room with dining room, a fully equipped kitchen,

Swimming pool

six bedrooms and six bathrooms and a garage. Located only two

Rental investment

kilometres from one of the most beautiful villages of the Luberon.

Luminous

Exceptional and rare property in Provence!

Century oaks

contact@janssensimmobilier.com +33 (0) 4 90 75 96 98

128

ASKING PRICE: 3,900,000€

International

France, Pampelonne EXCEPTIONAL SEAFRONT HOUSE

ACCOMMODATION INCLUDES:

Located just 450 metres from the beaches of Pampelonne, this house

7 bedrooms

of 240m² offers a beautiful sea view. Currently built over two levels with

5 bathrooms

seven bedrooms, the villa has been renovated on the lower level, and

Stunning sea views

requires some refreshment on the first floor. The 2,914m² plot of land

Recently renovated ground floor

features a pool with a pool house.

Terraces Parking spaces

contact@skillingtonjanssens.com +33 (0) 4 94 79 80 42

ASKING PRICE: 5,360,000€

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International

Australia, Sydney CROWN RESIDENCES

ACCOMMODATION INCLUDES:

Crown Residences at One Barangaroo is destined to be Sydney’s most

2, 3 and 4 bedroom residences and only one duplex penthouse available

prestigious address when completed in early 2021. Showcasing world-class

Full access to 6-star hotel facilities

design and access to Crown Sydney’s 6-star luxury hotel amenities,

Bespoke interiors from Meyer Davis Studios

residents will enjoy the most prized of Sydney Harbour’s panoramic views;

Wilkinson Eyre architecture

the Opera House and Harbour Bridge. Offering all the benefits of city living

Open-air pool deck by St Legère

on the water’s edge with fine-dining establishments and leisure spaces

Dual or triple aspect views

on your doorstep, this is the chance to own a piece of one of the world’s favourite cities.

Erin.vantuil@au.knightfrank.com +61 409 325 700

130

ASKING PRICE: From 9,500,000$AUD or 5,920,000€

International

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International

UK, London, Marylebone THE W1 LUXURY RESIDENCES

ACCOMMODATION INCLUDES:

London’s finest new luxury residences are located in a prime location

2 - 3 bed apartments and 4 bed townhouses

on Marylebone High Street and with Regents Park, Mayfair and Oxford

8 minutes’ walk to Baker Street tube station

Street in close proximity. The W1 features three stunning penthouses,

Bespoke Italian kitchens

15 exceptionally appointed apartments and five contemporary

Underfloor heating and air conditioning

townhouses of impeccable specification. Completed and ready for

24 hour concierge and security

immediate occupation. Final few homes remaining.

Secure underground car parking

moreas.madani@knightfrank.com +44 (0)20 7861 5321

132

ASKING PRICE: From 5,590,000£

International

UAE, Dubai, Palm Jumeirah THE ROYAL ATLANTIS

ACCOMMODATION INCLUDES:

International luxury living is redefined at The Royal Atlantis Resort &

A selection of 2, 3, 4 & 5 bedroom apartments, sky courts, penthouses

Residences. This elegant haven sits high up above the waters of the

& garden suites

Arabian Gulf, offering exceptional views of the Dubai skyline. Residents

Built-up area of approximately 133 – 1,739m²

enjoy their own private entrance, access to luscious gardens and

90 metre-high infinity pool, with stunning Dubai skyline and sea views

multi-level sky pools as well as Michelin-starred restaurants. The Royal

Luxury resort lifestyle to include celebrity chef restaurants, spa

Atlantis Residences will create an unparalleled haven and the perfect

and 1,7km of beachfront

place to call home.

24-hour concierge and valet services

TheRoyalAtlantis@KnightFrank.com +(971) 4 426 2888

ASKING PRICE: From 1,690,000€

133

International

At a glance: GLOBAL WEALTH TRENDS

The Wealth Report in numbers

22%

The rise in UHNWIs* globally in the next five years

20M

The number of people globally in 2019 that have US$1 million or more in net assets

30%

The percentage of global HNWIs* located in Europe in 2019

1.9% Average rise in prime prices in Europe in 2018

36%

The percentage of UHNWIs* that hold a second passport

Key findings

Eurovision: European cities are

with a growing presence from Chinese

still performing strongly in our Prime

buyers, these markets offer healthy tenant

International Residential Index (PIRI),

demand, relative good value and an attractive

performance (it hosts eight of the top ten

which tracks the movement in luxury

lifestyle.

countries with the fastest growing UHNWI

residential prices across 100 of the world’s

populations) means 2019 will be the year the

most desirable cities and second home

Wealth trends: Asia’s strong economic

Hard Brexit, no

number of US$ millionaires globally exceeds

hotspots. Edinburgh, Berlin, Munich and

Brexit, Brexit-lite: whatever the outcome,

20 million for the first time. India will lead

Madrid all made the top ten rankings in

London will remain the leading global

five-year growth with 39%, followed by the

2018, each registering annual growth above

wealth centre in 2019. With the world’s

Philippines (38%) and China (35%).

8%. Luxury prices in Marbella ended last

largest UHNWI population, the city sweeps

year 3% higher.

the board in our annual City Wealth Index,

Weaker growth: Expect slower price growth in key luxury residential markets,

pushing its only serious rival, New York, into Future-gazing: Madrid, Berlin, Paris

with more markets seeing values fall this year.

and Cape Town lead our prime price forecast

As values adjust, buyers will feel the balance

for 2019. Increasingly popular investment

of power shift in their favour.

hubs for European and global investors,

134

second place.

International

Push & Pull:

Taxing issues:

Globally mobile:

What I haven’t mentioned… but also inside: Time for Plan B:

Ones to watch:

Life post-QE: Objects of desire:

Next neighbourhoods:

Departure board:

We’d love to share our insights with you, for your copy of The Wealth Report please contact DM Properties. *

*Definitions UHNWI: Ultra-high-net-worth individual – someone with a net worth of over US$30 million excluding their primary residence.

HNWI: High-net-worth individual – someone with a net worth of over US$1 million excluding their primary residence.

PRIME PROPERTY: The most desirable and most expensive property in a given location, generally defined as the top 5% of each market by value. Prime markets often have a significant international bias in terms of buyer profile.

135

Highlights

CONTRIBUTORS

KATE EVERETT-ALLEN

ZOE DARE HALL

SAM HEXTER-ANDREWS HEXTER-ANDREWS

Partner and Head of International Residential Research at Knight Frank

Property Journalist

Freelance Freelance Motoring Motoring Journalist Journalist

Kate is responsible for tracking, analysing and forecasting trends across global housing markets and is a regular commentator on global housing markets in the press. She produces Knight Frank’s four global indices covering mainstream and prime residential prices and rents across city and second home markets around the world.

Zoe is a London-based freelance journalist and huge Hispanophile who specialises in all aspects of UK and overseas property, with particular expertise in the luxury market. She writes regularly for the Daily Telegraph and Sunday Times and is a property expert for various luxury magazines and the Telegraph Luxury website.

Sam worked in a key communications role for a major financial organisation for over five years prior to relocating to Marbella to further pursue his passion for motoring.

Sam has had automotive content published in multiple luxury magazine titles across Europe and has produced editorial features on behalf of leading brands, including Porsche, Bentley and Jaguar Land Rover.

136

SVEN HENKES

MICHEL PAUL-ANTHONY CRUZ

Managing Director Ziegert Immobilien

Founding partner of Manifesto Design

Sven is Managing Director of the ZIEGERT Bank - und Immobilienconsulting GmbH with 15 years of professional experience in senior positions of the FMCG and real estate business. He is leading the national and international agency services and consulting business across the entire value chain of residential real estate services for property developers and buyers.

Michel is a marketing and product development expert with a background in macroeconomics. He has been managing his own marketing agency for over 15 years and is a regular contributor to real estate market publications, as well as authoring market reports and international research studies.

HIGHLIGHTS Publisher Pia Arrieta Diana Morales Properties | Knight Frank Creative Lead Jo Usher Layout and Production Manifesto Design www.manifestodesign.com Production Manager Jacqueline Stone Writer & Editor Michel Cruz Images - Editorial and Property Features Charly Simon

On the cover

Production: Kreoidea Photography: Irene Sekulic Stylist: Desiree Morales Model: Sofía Cox

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IMPORTANT NOTICE 1. The particulars are believed to be correct but their accuracy is not guaranteed nor do they form part of any contract.

No responsibility or liability whatsoever can be accepted by DMP REALTY S.L for any errors or for any loss or damage resultant from the use of or reference to the contents of this document. 2. Prices exclude all purchasing costs and taxes. 3. You must take independent advice and satisfy yourself by appropriate inspections, surveys, searches and enquiries about all matters relating to any property, including the correctness and completeness of any information.

4. Computer-generated images are indicative only. Photographs show only certain parts of any property as they appeared at the time they were taken. 5. Intellectual property: Copyright 2019. All rights reserved. 6. DMP REALTY S.L is a limited liability company registered in Spain with registered number B29881455 and registered office at Avda. Cánovas del Castillo 4, 1st floor, office 3, Marbella 29601, Málaga, Spain.

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